RE:RE:RE:RE:RE:RE:Excellent visit with OCO todayCoppermonster, I get some of your arguments, however, have a great liquidity is part of running a public company. MCE selling a few shares should NOT affect the price of OCO if it was more liquid. Yesterday the trades were not too bad, even though we had a lot less volume before that. Having 190K shares in both markets, or NOT a major achievement when a company is 10 years old and trades at market cap of over 400 million CAD. The fact remains, they need coverage from the big brokerages, Haywood, Canaccord etc...
As far as results, lets see when the results come and are announced. There isa long wait for these results I hear so do not expect drill core results anytime before November. We have not even gone to Braziles yet, which is the result every one wants to look at. I am long, but I am realistic and think the market side of it can be better handled. And theDirector constantly selling does not help either.
coppermonster wrote: I can't speak to the need for brokers as that is not something I have knowledge about but let me address some of your other points.
1. We traded 190k shares today (You gotta include ORRCF, SLS has 0 liquidity in OTC so their total was 448k combined). So that's really not bad considering that we have NO drill results, yes historical holes blah blah, but really for where we are 200k shares is not terrible.
2. I have found THC to be very responsive whenever I have reached out to them. Hopefully Adam can get back on the road and do in person investor presentations in 2022. And I do think when/if you lay out a sound argument Adam will listen and take the time to address your concern. I doubt it wne "in one ear and out the other."
3. Why are we down? Because we doubled in 6-8 weeks for NO ***ING REASON. There was literally no news apart from final 3DIP which was no news since we alreday knew the results and a Ambrian report. That was it. Nothing that would increase the valuation of the company and still we doubled. So i think coming down 30-40% during low volume times this summer is understandable but of course very annoying. But you gotta be realistic, we have no holes and getting to a 650MM valuation without holes was probably a bit much. Use the pullback to buy more.
3. The reason we are seeing a pullback as well is because half of Mariusz's MCE members sold shares to buy into his latest two ideas for PPs. When volumes were 100k shares a day during summer it doesn't take many people to sell to see the price come down. For better or worse that's just what it is, we have a pretty large core shareholdership with MCE members. I do think their ability to raise milions in the PP quickly likely accelerated OCO's schedule especially given how everything else is taking longer due to Covid.
4. Results will not take til December. Chill! Cores are going out for expedited assays. Give it 5-7 weeks! We'll get a second round of assays before end of 2021 with the first Brasiles cores. #3 rig is starting next week I hear.
5. Stephen Leahy or whatever his name is has been selling for months. Who cares. He is buying a house or something or has to pay taxes. If Adam starts selling you got my attention.
6. In summary, why are we down?
a) we doubled in 6-8 weeks without substantial news, b) buy the rumor sell the news c) low volume summer and summers suck for small caps d) Mariusz's MCE getting cute and selling a bit to jump into PPs e) copper pulling back from $4.90.
When we get good assays and if the price doesn't move substantially at that point I'll be concerned. Until then, let the drills do their work. 20 cores by the end of the year will speak the truth.