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  5. ODV: What are your thoughts on this company? [Osisko Development Corp.]
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Investment Q&A

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Q: What are your thoughts on this company? I own a losing position and am wondering if you would hold on if it might start to recover this year or just sell and move on.

Thanks,

Dustin
Asked by Dustin on May 27, 2024
5i Research Answer:

ODV has been on a steady downtrend and dropped 57% over the last year. Revenues pulled back in a big way in 2023, and continued to do so in the first quarter of 2024. The company continues to operate at a loss and is buring through cash. ODV does have a decent balance sheet with a net cash position, however, total debt increased approx. $30M in the most recent quarter. We are comfortable moving on here due to the negative momentum and lagging fundementals.  

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