Why down today?I agree with the idea that those who have accumulated lower are flipping for the quick profit. I would also add that this stock probably doesn't have many eyes on it. After all, it has been dead wood for many years. And with a negligable market cap, it may take a while for people to get on board. Additionally, the complexity and uncertainty of the contemplated deal are probably weighing on it. There is some deal risk, a small amount of legal risk and some copper price risk here. But the prize is enormous. I think it is a fantastic way to speculate on the price of copper. Imagine an exploration company that already knows they have an elephant right out of the gate!
What's more, OCO plans to do additional drilling. This deposit will grow! Another thing I like here is that management believes they can get this property ready for sale this year. If that happens, the return will be fantastic relative to the time we tie our money up. This is why I bought 1,000,000 shares.