OTCQX:CNXXF - Post by User
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ReportTraderon Oct 21, 2010 9:32am
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Post# 17591984
Bob Moriarty on ARR - Arco
Bob Moriarty on ARR - ArcoOne of the real stories was that of Arco Resources (ARR-V)located in Oaxaca Mexico near the San Jose mine of Fortuna Silver. Themanagement of Arco was associated with the San Jose mine and they knowthe area well.
I think of Arco as a concept stock. The stock has a clean history; itonly came public three years ago but failed to get traction. The companymanagement is very experienced in the Oaxaca area and have picked up what they believe are the best projects around the area, many have had prior production.
I wish they hadn’t had to do a financing at $.05 recently as theexisting shareholders got whacked but I was a buyer on the open marketat $.05 when I heard the story and I was a participant in the PP. Arcohas enough money in the kitty to give drilling a serious go.Ifthey hit what they and I hope they hit, the stock will run. But in the$.05-$.06 area it’s a cheap lottery ticket with a lot of potential.
>> https://www.321gold.com/editorials/moriarty/moriarty033010.html