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Oroco Resource Corp V.OCO

Alternate Symbol(s):  ORRCF

Oroco Resource Corp. is a Canadian mineral exploration company focused on the assembly of mineral concessions which make up the Santo Tomas porphyry copper project in Sinaloa State, Mexico. The Santo Tomas project is a copper porphyry deposit defined by 106 diamond drill and reverse circulation drill holes totaling approximately 30,000 m.


TSXV:OCO - Post by User

Comment by auricgoldon Oct 18, 2020 1:29pm
205 Views
Post# 31736179

RE:RE:RE:Downward pressure from management

RE:RE:RE:Downward pressure from managementI agree 100%. These guys are not here to dump their holdings for 1.30$. They need cash to exercise warrants or options and also they need cash sometime for tax bills on capital gain etc...

ukermann wrote: I wouldn't be too concerned about this guy selling. A couple of weeks ago he sold 100k shares at market to raise capital to excercise the same amount of warrents he was holding for a $60k profit. Now, he sells another 39k shares for another $50k. These guys don't draw big salaries, so if they need some $$, they also need to sell some to get cash. Note that he still holds 1.8 million shares ..... If he sensed there was a problem, that number would be shrinking quickly. Here's the chart:


Issuer Insider Transaction Amount New Balance
Recent filings 
Filed 2020-10-16 19:21
 
Tx date 2020-10-13
$OCO
Oroco Resource Corp.
LEAHY, STEPHEN MARTIN
4 - Director of Issuer, 5 - Senior Officer of Issuer
Direct Ownership
Common Shares
10 - Acquisition or disposition in the public market
$-50,181
-38,900 vol
$1.29 each
1,801,100  
Older filings 
Filed 2020-10-09 14:30
 
Tx date 2020-10-08
$OCO
Oroco Resource Corp.
LEAHY, STEPHEN MARTIN
4 - Director of Issuer, 5 - Senior Officer of Issuer
Direct Ownership
Common Shares
54 - Exercise of warrants
$40,000
+100,000 vol
$0.40 each
1,840,000  
Filed 2020-10-09 14:27
 
Tx date 2020-09-30
$OCO
Oroco Resource Corp.
LEAHY, STEPHEN MARTIN
4 - Director of Issuer, 5 - Senior Officer of Issuer
Direct Ownership
Common Shares
10 - Acquisition or disposition in the public market
$-103,000
-100,000 vol
$1.03 each
1,740,000

Issuer Insider Transaction Amount New Balance
Recent filings 
Filed 2020-10-16 19:21
 
Tx date 2020-10-13
$OCO
Oroco Resource Corp.
LEAHY, STEPHEN MARTIN
4 - Director of Issuer, 5 - Senior Officer of Issuer
Direct Ownership
Common Shares
10 - Acquisition or disposition in the public market
$-50,181
-38,900 vol
$1.29 each
1,801,100  
Older filings 
Filed 2020-10-09 14:30
 
Tx date 2020-10-08
$OCO
Oroco Resource Corp.
LEAHY, STEPHEN MARTIN
4 - Director of Issuer, 5 - Senior Officer of Issuer
Direct Ownership
Common Shares
54 - Exercise of warrants
$40,000
+100,000 vol
$0.40 each
1,840,000  
Filed 2020-10-09 14:27
 
Tx date 2020-09-30
$OCO
Oroco Resource Corp.
LEAHY, STEPHEN MARTIN
4 - Director of Issuer, 5 - Senior Officer of Issuer
Direct Ownership
Common Shares
10 - Acquisition or disposition in the public market
$-103,000
-100,000 vol
$1.03 each
1,740,000



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