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Oroco Resource Corp V.OCO

Alternate Symbol(s):  ORRCF

Oroco Resource Corp. is a Canadian mineral exploration company. The Company is engaged in the acquisition and exploration of mineral properties in Mexico. It holds a net 85.5% interest in those central concessions that comprise 1,173 hectares (ha) (the Core Concessions) of The Santo Tomas Project, located in northwestern Mexico. It also holds an 80% interest in an additional 7,861 ha of mineral concessions surrounding and adjacent to the Core Concessions (for a total Project area of 9,034 hectares, or 22,324 acres). The Project hosts a large, outcropping porphyry copper deposit comprised of fracture-hosted and disseminated copper and molybdenum sulphides with significant gold and silver credits. Its Xochipala Property is comprised of the Celia Gene (100 ha) and the contiguous Celia Generosa (93 ha) concessions. Its Salvador Property is a 100-hectare mining concession, which lies around 25 kilometers (kms) to the west of the Xochipala Property and 30 kms west of Chilpancingo, Guerrero.


TSXV:OCO - Post by User

Bullboard Posts
Comment by BullStockingtonon Nov 26, 2019 1:53pm
101 Views
Post# 30394332

RE:RE:RE:Turning out to be a real POS

RE:RE:RE:Turning out to be a real POSIts worth noting the decline from the high .30s after the recovery from the Cormark dump, has been on very minimal volume (couple hundred k shares total). This means that there really isn't that much selling pressure, its just that there's even less buying support. 

People see it as dead money until registration and with timing uncertain they'd rather wait than jump in. I guess most who were willing to speculate solidified their positions during the Cormark sell off. 

This means once registration happens and buying returns, with fairly limited selling volume, its easy to see the price moving back up very quickly.

So yes we do need that 'darn registration' and I believe we will get it very soon. It definitely sucks to see your stock down more than 50% from highs but in the big picture we're in a great place, about to finalize the legal clear up phase and move to the development phase which will culminate in a takeout. 

IMO those who were patient enough to let this frustratingly slow Mexican legal process play will ultimately be rewarded handsomely.  
Bullboard Posts