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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

Comment by ukermannon Dec 31, 2020 6:42pm
254 Views
Post# 32206082

RE:2020 is in the books,,297%,,!!

RE:2020 is in the books,,297%,,!!So as impressive as these numbers read, something to keep in mind is that they were accomplished without the help of a "whale" Typically when a company goes to the well a couple of times for cash, an entity steps up if it likes what it sees, and buys in, sometimes right up to the 19.9% allowed without triggering a takeover. Here, to the best of my knowledge we have a broad base of "mini" owners, guys like us holding 1% or less. So why is this important? Well, if and when any buyer now wants in, management really not needing any extra cash, can hold shares tightly and force that buyer to collect his shares out in the open market. That's rocket fuel once the flood of news begins to flow. 
My thanks to all on this board....I really believe the posts here are insightful, knowledgeable, and have benefited all who have paid attention to these conversations. Hoping for a repeat of these posted percentage wins in 2021, this time from a much larger base. Happy New Year to all.....
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