"Context"It goes without saying that the broad market environment is a mess, and that affects everything. However, juniors like Oroco can focus on and make sure everything in their control is in order.
I wanted to revisit "context." That is, the company laid out clearly for us that context vs. speed will drive their decisions to release drill results. I have seen much agreement out there that the best thing they can do know to regain investor confidence is to increase drilling productivity and volume/speed of release of results.
But, looming over that reasonable idea, is the company's notion of "context." Presumably that means they want to wait until a critical mass of results can tell a story, rather than putting out discrete results. And I further assume they would want to wait until they can tell a positive story. I understand the logic. It makes sense. But, the big downside is that this approach maximizes uncertainty for investors, which is a hated thing. Because we don't know their precise definition of sufficient "context," nor do we know their current (35m / day was observed some time ago) or planned productivity, we have no idea when we will get results or at what pace. Some are comfortable relying on a planned Q1 2023 PEA release, but that only works if you believe the company is on schedule (and if the company confims that).
I believe there is a happy medium, which I had sent to Oroco some weeks ago privately. It involves not releasing specific ETAs for results (which they understandably don't want to do), but rather a model of their supply chain/process with some average, expected, or even just planned timeframes that can be caveated and explained if they are behind or ahead of schedule. In my opinion, this will mitigate substantial uncertainty and if they follow-through, it will do wonders for credibitiliy and investor sentiment and confidence.
Cheers