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Opawica Explorations Inc V.OPW

Alternate Symbol(s):  OSOL | OPWEF

Opawica Explorations Inc. is a Canada-based junior exploration company. The Company has a portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi gold belt in Quebec, and in central Newfoundland and Labrador. It owns a 100% interest in the Arrowhead, Bazooka East and McWatters claims located in northern Quebec, Canada. The Arrowhead property and Bazooka East property are subject to a 2% net smelter return (NSR) royalty. The nearest mine to Arrowhead Property is the Mouska mine located eight kilometers to the east. The Bazooka property is a 100% owned 1200 hectares (ha) land package. The McWatters property is subject to a 1% NSR royalty. It owns a 100% interest in 24 mineral claims located in Beauchastel Township, Quebec, collectively the Bazooka West property. The Company owns 906 claims, namely the Density, Eclipse and Mass properties.


TSXV:OPW - Post by User

Bullboard Posts
Post by TedOwenson Apr 15, 2013 6:42pm
135 Views
Post# 21326807

.005 cents and projected decrease

.005 cents and projected decrease

It appears that the stockhouse community has given up on this play as the lack of alternative post input supports the premise that Opawica is not being viewed as an investement vehicle worthy of recognition and mention when compared against others who are in a similiar position price wise. As such, it could be reasonably construed that the reasons for this shunning are attached to a faltering stock price which, in combination with a lack of supporting news, supports the notion that management is not actively engaging in acting in the best interests of the company and its shareholders. Opawica should still have a sizeable share float through San Gold from the Maybrun, Carscallen and Golden Properties through which it could keep its objectives alive but if things get any worse over at Rice Lake, the value of such shares could be relatively worthless as there are rumors on the street that bankruptcy may not be totally out of the question. If this happens Opawica could be left with worthless paper which it traded away all of its primary assets for and be left with nothing.

 

So here we have it. OPW and RTM both sit at a half cent. The next company that Mr. Clark starts will be hard pressed to shake off the reputation that has been building along the way.

 

Bullboard Posts