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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 MariuszSkoniecznyon Feb 16, 2020 9:20pm
200 Views
Post# 30698328

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:News release

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:News releaseThis conversation is ridiculous. The stock price is down because there is more selling pressure than buying pressure. I like Johngalt77's attitude. Just buy more shares if you like Oroco. If you don't like Oroco, then don't buy the shares. It is simple as that. There are plenty of other stocks you can buy.

Why are sellers selling? Ask them.

Maybe they are impatient. Maybe they are afraid of Coronavirus. Maybe they think Oroco cannot do the financing. Maybe they had a 10-bagger and want to lighten up. Maybe they think the stock price is going lower.

I don't really care. What I do care about is that Oroco owns Santo Tomas (best project in the world not in the hands of the majors), won the legal battle, and obtained the long awaited registration. I never in a million years thought that sellers would allow us to buy Oroco shares for today's price after all of these milestone have been reached. But they do. Their impatience, non-believe, lack of intelligence, or whatever is our gain.

Take advantage of it and stop whining. If seller 88 or any other seller want to offer shares at every price level to keep the price down or get as little as possible for shares, then let them. If they see the stock price recovering, but they chose to knock it down to discourage buyers, let them do it. 

Johngalt77 is a new investor that publicly said that he is happy about the situation because he is able to acquire his entire position after all of these milestones have been achieved. He is very lucky. Some people had to pay $0.70 per share after the legals were resolved. But registration was not done. Now the registration is done and you can get the same shares for $0.30s. What a gift.

When I was buying at $0.04 two and a half years ago, nobody knew about the story. There was no IR. No Toronto brokers knew or cared about it. Then somehow we went to $0.70 without them.

When Oroco raises money, drills out the project, and proves to the world what we already know, the stock price will go up 10x or more. This will happen regardless of whether your or I own shares. It will happen with or without the Toronto brokers. It will happen with or without 2 or 3 million extra shares.

I always focused on milestone and I will continue to focus on milestones. The stock pricess serves me only one purpose besides annoying me, of course. It tells me whether I should buy more shares.

So I am trying to buy from a pessimist and eventually sell to an optimist. When I started buying, I didn't need anybody's approval and I definitely don't need Toronto broker's  approval or confirmation now.

Bullboard Posts