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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 mrobporon May 26, 2022 3:29pm
222 Views
Post# 34710077

RE:RE:2022/2023 Drilling / PEA Timeline

RE:RE:2022/2023 Drilling / PEA Timeline Oroco is obviously hard at work. The new (presumably, weekly) drill update blog is great. The RFC Ambrian appearance was a good first step. But are these one-time things, or not? Since I assume not, I cannot fathom why management doesn't just make a simple announcement. E.g., "Our new communcations plan is comprised of X, Y, and Z and we're excited about sharing all the progress"?

What they have done instead is set no clear expectations, which seems to indicate they are more worried about missing expectations than gaining credibility by taking a stand. They dropped a one-slide timeline, with very little explanation. What happens is that as they let time pass, investors must speculate about the embedded assumptions, which some have done publicly. They shouldn't have to.

If I didn't think there were much more positive developements there to communicate, I would sell the stock. But since I believe there are, I have to wonder why they aren't more clear with the market. 
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