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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 NeftyIvanon Jun 09, 2022 6:25pm
255 Views
Post# 34745468

RE:Well there you go,,.

RE:Well there you go,,.I/we get your point; and, it is a correct point, but, for the past half-year, there have been all kind of bombshells dropped by ALL SORTS OF COMPANIES. For the obvioius reasons, these are volatile times ... and, they are not yet finished.

OCO just happens to be one such company that is in a particularly vulnerable episode of its development: by definition, Advanced Phase Exploration is rife with UNCERTAINTY ... which,as we all know, the markets hate. [Nonetheless, in the meantime, I thank my/our lucky stars that OCO is in the Cu commodity business ... and that they have the ST resource ... all of which probably provide some measure of a buffer to such market vagaries.]

Further, I am hoping that I am wrong --- I have no INSIDER INFO, so I just have hypotheses --- but, i'd be surprised if tomorrow there is no additional share price pullback; however, such may depend on the NET OUTCOME of OCO's online virtual management presentation. [I don't know the time zone, but my understanding is that it will be held later this afternoon,Thursday, 
09 June].

Here's the wildcard [at least according to my working model]: later today, OCO is giving an online virtual presentation to a select group of investors, etc. It is no surprise that this CORE DRILLING STOPPAGE PR --- assays will not stop; they will continue --- was released at this particular moment; and, further, it WOULD also not be of any surprise if during this presentation, OCO management also provides some POSITIVE PR ... particularly regarding CORE-ASSAY results.  [To repeat: this is just my speculation --- I have no theories; only hypotheses --- but, IMO, in view of this WORK STOPPAGE --- an Act of God, so to speak, over which OCO has no control --- it would make a lot of sense to counter-balance same with some good news.]

PS: In the meantime, in previous posts, here on StockHouse, there has been some speculation by some that Braziles assaying MAY HAVE encountered higher Au grades, or, that there MAY BE some "re-assay" work being performed. Again, I have no INSIDER INFO, but, I am skeptical whether either of these points are true. [Maybe yes; maybe no. Again, just my hypothesis, and based on my geological experience; no theories here.]
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