RE:What are expectations?
I think Outcrop is getting first class exploration results but the messaging is unfortunately really, really weak. Putting "silver" in the name is a start (Vizsla recently did the same) but the disastrous share price performance is in itself going to make people think "something is off here". I mean how can a questionable junior like Silver Viper have a capitalization which is over 50% higher? IMHO the answer is that Steve Cope is a brilliant frontman for them. (And don't get me started about what Vizsla is peddling to get to a 225 million market cap).
Outcrop also has the problem of the seemingly endless sell offers by those who clearly don't want to own the stock. Maybe a result of the constant conversion of the large number of warrants outstanding, which could paradoxically be positive because it provides funds. But I get the feeling there is at least one large shareholder that is consistently liquidating their position and I'm wondering if it might be the company that got 24 million shares in return for the Santa Ana rights.
But messaging is the biggest problem. In a recent joint video presentation of Outcrop, Reyna and Vizsla, the Reyna CEO admitted he had never heard of Outcrop before. That was a little shocking because there aren't many silver juniors.