Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 thereaderon Mar 15, 2021 8:46pm
411 Views
Post# 32804818

RE:Oroco Stock Analysis - Mariusz S. | The Best Junior Copper S

RE:Oroco Stock Analysis - Mariusz S. | The Best Junior Copper S
Good to see more eyes on the company, but it seemsed at least one items needs a correction.

Here is what Mariusz wrote in hte comments to this video:

 quick clarification of something I said in the interview. I misspoke on the subject of Insider Sales. 
 
The NET sales over the year had a value of about $378,000, representing less than 2/10ths of 1% of the average market cap of the company over the last year, or about 1/10 of 1% of today's market cap.
 
As a percentage of all trades on the TSX over the past year, net insider sales represented a little less than 3/10ths of 1% of trading value. 
 
In both cases a very small, even inconsequential number. During that time, the insiders who sold also exercised expiring warrants stemming from past participation in a private placement and exercised stock options that were also expiring. In Canada, when exercising stock options, a tax liability is generated. The exercise and tax bill would each have required funds, and while I don't know the exact amounts, it's fair to say that at least some of the proceeds of these sales would have simply gone towards the exercise cost and the resultant tax liability. I mispoke when I suggested the some of the sales were for the purpose of  "down payment on a house" and had another company in mind.
 
I hope this puts the sales in better context.
<< Previous
Bullboard Posts
Next >>