Bullboard - Stock Discussion Forum Orecap Invest Corp V.OCI

Alternate Symbol(s): ORFDF

Metals & Mining Gold

Orecap Invest Corp. is a Canada-based company. The Company’s focus is on special situation investments in the natural resources sector, precious and critical metal assets and businesses. The Company has equity positions in portfolio companies, such as American Eagle Gold, QC Copper and Gold, Mistango, Awale Resources and Cuprum Corp., in addition to owning a broad portfolio of land packages... see more

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TSXV:OCI - Post Discussion

Orecap Invest Corp > pretty discouraging

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Post by Apollo2014 on Feb 10, 2021 10:04am

pretty discouraging

...when over 5 different houses are selling a large position over the past week and a half. Not really screaming a buying opportunity at all.

What are the chances that our good ol' knight in shining armour Sir Sprott is out? I noticed he just put a large position into V.GOT.

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Comment by Apollo2014 on Feb 10, 2021 10:07am

I guess we'll see in the insiders report anytime now or soon to see...

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Comment by shelby2 on Feb 10, 2021 10:20am

wooooow here we are back to 10 cents, whats up with the selling, lot of drilling coming. great time to add more shares

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Comment by jfan22 on Feb 10, 2021 11:15am

Selling is probably because the PP shares just came off of hold and Ore day presentations set out a timeline for drilling that is drawn out. We only have 1 drill rig going. Existing shareholders at the record date when PP is announced are allowed to buy up to $15k in the PP, even if you are not an accredited investor under canadian/US securities law. The share price was over $0.2 briefly after ...more

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Comment by jfan22 on Feb 10, 2021 12:27pm

Following up on this, I used tradingview to look at the volume profile since early march 2020. 70.7M shares were traded in that timeframe with only 7.6M transacting below $0.10. The OS share count is about 171M - Sprott owns 20M (from Sedi filings) - PP shares total 46M bought at or above $0.1 (public info) - 63M shares traded above $0.1 since early March 2020 (my analysis) - Stephen, Alex and ...more

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Comment by donlin2 on Feb 10, 2021 2:00pm

Can't really disagree with your share overview. Based on Sprott's words he invests in a lot of different companies and knows and understands that some will be losers. Hopefully being in the Kirkland Lake region this one can materialize to the positive. MIS which is just down the road from ORX is going thru the same type of stock activity (down). Not ...more

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Comment by jfan22 on Feb 10, 2021 2:32pm

Another poster on ceo.ca shared this tweet from stephen supporting my take on the price decline (a technical blip caused by PP shares coming off of hold): https://twitter.com/SteveStewartORE/status/1359525952334757890?s=20 The fundamentals havent significantly changed on this company from when a large portion of the float bought in at $0.10 or above. In my opinion the risk of further price ...more

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