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Bullboard - Stock Discussion Forum Outcrop Silver & Gold Corp V.OCG

Alternate Symbol(s):  OCGSF

Outcrop Silver & Gold Corporation is a Canada-based company focused on exploring precious metals in Colombia. The Company is advancing the Santa Ana high-grade silver deposit with ongoing expansion drilling. The Company is also progressing exploration on three gold projects in Colombia. The 100% owned Santa Ana project comprises over 27,697 hectares (ha), 6,475 ha titled in the northern Tolima... see more

TSXV:OCG - Post Discussion

Outcrop Silver & Gold Corp > Fun Begins Next Week
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Post by Metal10 on Jun 05, 2020 1:20pm

Fun Begins Next Week

I continue to add daily... 

Going to be a fun week next week, between the soil grabs and initial geological visuals from the core we are 1 NR away from a game-changing rerate. As displayed in previous comments, the scale of this system is insane - its now about continuity... With sprott now having a 20% interest, if this is the next major world class deposit I am sure he will push Gran Columbia Gold to take this out or JV it. He owns 11% of GCM. It makes logically and optically, my bet is not on a JV but an out-right sale if these are monster results... Cheers.
Comment by lifegoeson on Jun 05, 2020 3:42pm
Metal, don't you think that if the visuals and results are excellent, then there would be more uptick buying... but instead, constant downtick selling. If people in the know are positive, there woulbe be more buyers than sellers and price would inch upwards... I guess we will see next week but now over 5 M shares has leaked, do we need 20 M to leak in this price range before going higher....?
Comment by Metal10 on Jun 05, 2020 3:50pm
Hey,  if the company leaks results to the street they would be held liable with the exchange. This is just profit taking. All good, we have had a monster run so far, but when results are released and if they are good... we will see major volume on the buy side... new discoveries are rare to find, I'm sure there are many waiting in the wings to confirm the high grade nature! 
Comment by Lookingdeeper01 on Jun 05, 2020 5:20pm
Funny to see that much volume just 3 days before the announcement of a major financing Remember also who is behind this company, and if you get into Sedar, you will find this May 7th Notice form 45102F1: Form 45-102F1 Notice of Intention to Distribute Securities under Section 2.8 of NI 45-102 Resale of Securities Reporting issuer 1. Name of reporting issuer: Outcrop Gold Corp. Selling security ...more  
Comment by LowMoor on Jun 05, 2020 6:18pm
He is only on the board. Not the ceo. The fact that Sprott is in a good chunk now says alot. This is only an exploration company, it will be sold to a major who will put it into production. Not going to be another Red Eagle. I own a small amount of LBC, just exploration plays.
Comment by LowMoor on Jun 05, 2020 6:24pm
Gold stocks got hit hard today with the POG. I don't see many up. Thrashed gold real good. Down a few pennies is not bad.
Comment by jesse18 on Jun 05, 2020 6:30pm
when companies raise money, as outcrop is, it is current stakeholders that are getting involved and adding to their position. Be assured that they are selling stock in the high 30's and buying back in at $.28 with the warrant. I would think that they will hold news until this closes. Having said that this is trading way better than expected with the pp over hang.  This looks very ...more