Oroco Resource Corp V.OCO

$15M Raise @ $1.20 Closing Today?? Is it true??

[Chuburashka]

Wondering if any of you have heard about this and if its true how will it affect the stock price?

Concerned investor.

[AnchorValue]

yes it is concerning. If Adam is reading I hope in the future he follows what the investment banks do and price the stock after a book has been built, rather than leading discussions with pricing and building a book. that being said, the stock could have easily gone the other way.

[AnchorValue]

To be fair, the deal probably actually priced a week ago, and all the paperwork for the release must have just finished if they are announcing today.

[Chuburashka]

I own 50k worth of retail stock.  If this is true.  When the news breaks I'm going to get hit.  Should I sell?  Is this even legal??  Doesn't seem right and it's unfair to the people buying it on the open market.

[twaver]

I'm actually quite happy.  This is probably the last PP they will need to do.  It should bring the share count up around 200 million - which is the number most of us use in our calculations about future value.  If they had done this in September or earlier, it would be far more dilutive.  Sure, the people who got in on this PP are making out well (I've been in that

[Chuburashka]

If it's true.  They are selling discounted stock behind our backs and diluting our shareholder value. I know better than to hold out for continually moving goal posts. I'm forced to sell.  I'm out on open.  Maybe I can buy back in at 1.20 with full warrants?   Good Luck Very annoyed investor

[auricgold]

twaver, I agree with your point of view 100% including the takeover. Holding close to 1 mill shares myself and having this PP gives me even more reassurance. Not having the funds to drill and keep asking for funds was the worrisome part for me. Now we are set.

[EStreet]

Ya right,,,,so where are you getting this from,,. Why dont you ask them if you should sell your retail stock?

[Chuburashka]

why would you be offended??

[Flash9155]

What if I told you, this PP started more than 2 Weeks ago when the share price was in the 1.40s and they are announcing only once the paperwork is complete? Would you have guessed that OCO would go up by 70 cents within 2.5 Weeks?

[Chuburashka]

Is that Legal?

[auricgold]

Chubu, you must be a US investor. This is Canada, no frivolous lawsuits because management did something right. It is absolutely legal. They have to take into account the 30 or even the 60 days moving average. Especially with volatile stocks.  This, if its true, is a amazing thing. I think if you are looking at $1.20 again, you are dreaming. either you hang in there and ride with it or sell

[MikPrecious]

They had to have commitments long time ago and payment so at that time probably you would have not agreed to it at that price.  I'm sure Also they have key big strategic players on here which should help the company move big time.  It is a good strong hold for the company to derisk.  I wouldn't be worried if history has shown us about this company as relayed to you.  

[auricgold]

Chibu, lat time they raised at 0.60 the stock went to 1$ by the time they closed and now is at $2.10. you do the math. this is 15 million of SOLID investors holding to the end and funding the entire drill program. Management is genius to get the funds at these high prices. I recall from conversation that institutions were hesitating and humming and humming. Loook at it now.

[caliche]

if this is true Oroco has pulled off the best deal i have ever seen! a junior manages to secure argueably the best deposit up for sale at the best time for copper (in production defecit) aaand fund it internally so as we are not beholden to any major or bank or fund!!?  wut? :) the 15? mil plus the 10 we have will get us to the maximum spend and secure the maximum percentage 81% or

[auricgold]

Agreed Caliche. Also, think of all the warrants which will bring another 15 million $ at least. This is a dream come true. Wow, what a change in the last 18 months!!! BTW, steaks in Toronto if we exit at 5$ or more. on me.

[MikPrecious]

I will be holding you onto those steaks in Toronto. I do believe greatly it assists to derisk and the funds at these price is amazing considering they had done a few months ago at 60 cents.  They probably figured an offer was to good to pass up from some key investor offer. This stock should and hope to move it up higher now as drills will be churning much faster than ever imagined.  

[auricgold]

Mik, the offer is valid IF you show proof of owning shares till buyout!!!

[AnchorValue]

How about pre-emptive steaks in Toronto if we are comfortably over $5 sometime next year with no buyout?

[auricgold]

No steaks only AFTER I cash out, which means when we get bought. I need the $$$$ to buy the steaks. ill hold to my shares till then! 5$ before buyout gets you drinks in TO at the Fairmont hotel or in Vancouver at the Rosewood hotel georgia.

[caliche]

i love the rosewood!

[joelondon]

Man,  This thread is cracking me up - what a great read. So many golden comments. GO OROCO

[Kloby]

You guys are too funny. I'll join you in TO but I'll pay for my own steak. After all, if it hits $5, we could all afford to pay for our own steaks! 

[auricgold]

Kloby, welcome to the group. We go do several steakhouses, theres a few good ones in TO. Vancouver doesnt come close. Gotham is a disgrace and the other one is overglorified. The Keg is the best you will get in Van.

[LandyJ]

Updating my passport...

[Cupofjava]

Vancouver does have the advantage that Oroco is based there.  Even though they will make more money than us, I think it would be great to take them out for dinner as a 'thank you'.  They seem like good people I would love to meet them and thank them for doing such a great job.

[momo14]

if it pulls back after pp news i am a buyer...would be nice $1.50

[zins]

A pullback would be more tasty than steak... 

[Chuburashka]

agreed.  to a $1.00

[joelondon]

I thiought you sold

[pancakesgalore]

Looks like he did. He probably moved his money into $NKLA, with all the other "legitimate" investors.

[Schr8r154]

So long Chuburashka and all of his shares SH Born 12/8/2020   SH Deceased 12/9/2020 It was a hell of a ride. You will be missed dearly, for the days of $1.00 OCO are a distant memory.

[EStreet]

I agree, one day to long,,so now lets get back to discussing the facts and shut this thread down,,!!

[zins]

What - not a fan of Hy's? I would do Hy's over the Keg. Gotham's yeah not so much... Can't say I've had steak at Rosewood, it never struck me as a steak place.   Now Elisa has some great steak but it's fairly new. 

[auricgold]

I went to Hy's 2 times in my life. Yes, they make a good Foie de Veaud, calf liver, but frankyl for the price, not sooooo wowed by them. They are 1 notch above Keg maybe but TO is holly cow.I went o Michaels and it was out of this realm. Not cheap but good: https://www.tripadvisor.ca/Restaurants-g155019-c37-Toronto_Ontario.html We can choose. Ill go to Hys for the Vancouver one once we are

[Kloby]

Thanks. Let me know where you decide and I'll be there. If OCO goes to $10, I'll even fly to BC and join to there!

[auricgold]

At 10$ we can go to beautiful Whitler and there is a great steak place at the Four Seasons hotel. called Sidecut, check out the photo its making me hungry: https://www.fourseasons.com/whistler/dining/restaurants/sidecut/?seo=google_local_whi3_amer

[Kloby]

Looks fantastic. You've convinced me.

[auricgold]

I would say the deal priced more than 2 weeks ago. you dont raise 15 million in a week. Takes a week to get all the incoming wires. This is fantastic news of its true.

[Patriot]

You Joined stockhouse today for what reason ?

[Chuburashka]

You interregating me with attitude??  Why?    When a company is rumoured to be raising funds without public notice at nearly $1.00 below market rate it raises questions especially when i bought 50k of it at $1.90.  I want to know if it's true.  I dont want to take the loss.

[thereader]

Do you mean a 15% discount to the market one week ago? You know it takes a while to close these things, and a well funded company is more attractive? It's not at all clear why you think such a funding would cause the price in the market to drop. The opposite is more likely true.

[Chuburashka]

I dont see how 15m + warrants at half price wont hurt the current retail rate.  At this stage I dont even know if it true.  I didn't see notice of a second financing announced.  Did i miss something?

[MariuszSkonieczny]

Chuburashka, On June 30, 2020, Oroco closed on a private placement at $0.30 per share. On that day, the stock price was $0.49 per share. The stock price did not drop as a result of this annoucement. It actaully went up. Here is the press release of the annoucement and you can check the stock price yourself. https://orocoresourcecorp.com/oroco-closes-non-brokered-private-placement-4/ On

[momo14]

confirmation of a pp only gives fuel to stock..i am fine with that, is not the same buy 50k shares than 15m shares don't sell, this is going higher see you at $2.50 next week

[caliche]

"dont know if its true" YOU BROUGHT IT UP?! "did i miss something" hahaaa yes, yes you did the last time oroco raised money it went up 18.3% THAT DAY! it broke through a DOLLAR (for the first time ever) on that news and hasnt looked back "is it illegal".. IT IS NOT!  paperwork is filed  (and accepted) by the exchange reserving a price and an amount to

[Cupofjava]

These deals take a couple of weeks to get done.  When started, no one knows if the stock will go up, stay flat, or go down.   In this case the stock is rocketing up.  So, if true, the investors got lucky.   There is also the risk that the stock crash could crash during the time it takes for a deal to organized.  If it does, investors can't say "Nevermind

[jaybsin]

Wait, what is this true? Are you saying there is a rumour that I might get some cheaper shares?  And they are getting money? Double bonus!   Where did you hear such a rumour?  The only rumour I heard lately was that the commng IP was going to be great and cooper is going to $10K.  Damn always the mushroom. In all seriousness its hard to bring rumours to a board when have

[Chuburashka]

I'm a legitimate investor.  bought in at 50k then hear through word of mouth there's a unannounced pp at half price with full warrants to the tune of $15m.  If you dont understand why that would upset a retail investor i can't help you. It a 50% off deal with a buy one get one free bonus and a side order of dilution to the early stage and retail investors. That's about

[caliche]

as a retail investor, you by definition do not qualify as accredited.. its not open to you anyhow sooooooo also as an investor in junior mining id be getting ready to be screwed a LOT! cheers!

[BakaSensei]

If a PP is confirmed, you need to look at what the share price was trading at 2-3 weeks prior. The company gives about 15%-30% discount from that date. No one could have known it would increase this much such a short amount of time. Yet at $2.10, it's still undervalued

[pancakesgalore]

For what it's worth, I agree with you. I agree that you should sell your shares. You can always FOMO back in when it hits $3.

[Pepelepieux]

If they're raising as much $ as the rumor says, this should be just about the last capital raise as the remaining $ to fund the drilling program would be collected from the exercise of warrants.  That is good news. I totally understand your frustration. If looked at out of context and given the history of mining companies, it would be warranted.  I've been invested in OCO for a

[Schr8r154]

I think we just wait and see what happens. Given how hot and heavy this guy came onto the board out of nowhere, clearly with little background on the recent PP's, I am not sure why any of us are giving this rumor an ounce of credit, whether you support it or not. We are all aware that Adam mentioned interest in a final PP to get us into the home stretch so the timing makes sense but my level

[auricgold]

Chubu, if this is true it would be AMAZING. Imagine, 15 mill plus the 10 mill they did already, AND the warrants coming with it, = NO MORE NEED FOR FUNDING!!!! means the institutions dragged their heels for too long. This is amazing. money for all the drilling you can imagine!!!

[Cupofjava]

Where did you read/hear this?