Oroco Resource Corp V.OCO

Alternate Symbol(s): ORRCF

Metals & Mining Gold

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.

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Oroco Resource Corp > $15M Raise @ $1.20 Closing Today?? Is it true??

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Comment by Cupofjavaon Dec 09, 2020 10:52am

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Post# 32067076

RE:RE:RE:RE:RE:$15M Raise @ $1.20 Closing Today?? Is it true??

These deals take a couple of weeks to get done. When started, no one knows if the stock will go up, stay flat, or go down.

In this case the stock is rocketing up. So, if true, the investors got lucky.

There is also the risk that the stock crash could crash during the time it takes for a deal to organized. If it does, investors can't say "Nevermind, send me my money back".

Even if one knew that the stock price would stay flat, selling a big block of shares at once means that buyers are going to get a discount.

And, to be honest, yes you did miss something. I hope you don't take offense, but it was well known that more financing and dilution was needed to fund drilling. Hopefully you did your research before buying and realized this. Also note that in one of the recent Torrey Hills Capital videos, the company even said that there was going to be another financing.