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Bullboard - Stock Discussion Forum 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 Discussion

Oroco Resource Corp > Comes a Short Squeeze ?
View:
Post by Basketfan on Jul 06, 2022 3:44am

Comes a Short Squeeze ?

Oroco has been manipulated downwards by Shoorter in recent months to such an extent that the bottom has now been reached. Yesterday, in a very weak market environment, a counter-reaction of 15% PLUS.
 
I hope that most of the scared and uninformed shareholders are now out of the market and only we, the strong hands, are still invested.
 
Anyone who does the maths and looks at the North Zone alone knows that Oroco is worth at least 6-8 times more than the current ridiculous market cap.
 
Also, one should not forget that there is enough cash to generate a 43-101. 
 
Currently there are still enough shorties in the game, I hope they fall on their face with a juicy short squeeze.
 
What do you think?
 
LONG & Stron OROCO since 8 years 
 
 
Comment by Overertune on Jul 06, 2022 4:08am
Fed is another wild card.  They want a deep recession to control the inflation.  This really scares a lot of investors from the copper market.
Comment by EStreet on Jul 06, 2022 7:03am
n addition, Oroco has started work with Ausenco to prepare a 43-101 Preliminary Economic Assessment (PEA).  Initial work on metallurgical testing is underway with samples being selected for shipment to the lab.  It is planned for the PEA to be completed in Q1 2023.
Comment by mrobpor on Jul 06, 2022 8:58am
That last line is key: "planned to be complete." After a month of no drilling and no solid ETA for new drills (maybe 2 weeks from now as Richard once said) the company should have updated shareholders on the already aggressive schedule. Are they on schedule, or are they behind and what are they doing to catch up? I'm not surprised they didn't address that. Under communication so ...more  
Comment by LongTView on Jul 06, 2022 10:43am
Regarding the Fed as a wild card - they want to raise interest rates for two reasons. The first is inflation. The idea is raise rates, create more unemployment, reduce purchasing and then reduce prices. This will not work as we have full employment and still have job openings. Since Covid, many have decided not to reurn to work. We have a shortage of people wanting to work and many openings. I was ...more