Oroco Resource Corp V.OCO

Adam Smith buys on the market ... Sign .. ? :-)

[Basketfan]

Adam buys additional on the market , for these prices below 2 Dollars , for me a clear sign of his confidence in Oroco , although he already has enough shares .



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[FrozenInOntario]

While Adam purchases are interesting, Friesen just bought 25 000 at 2.  He was selling in 2020 before : he did exercice 450 000 options at .07 last year and sold 50 000, probably to pay his taxes.   Now he is buying to top up his position... 

[EStreet]

By now, they will be "perusing over initial 3dip results for the Gossans and how far North it extends"  One more 3dip update before the final & bring on the drill permits,,!!

[Overertune]

Have they applied for the permit yet?

[EStreet]

They have applied for drill permits and expect to hear something in the next 30 to 45 days,,. They expect the full drill program to commence in Q3, Q4 of this year and Ian Graham is planning on moving there to start and over see the program in two months,,. They regard the Mexico permit process to be a strait forward procedure that works well,,. They program is planned to both confirm the

[Overertune]

Sounds great.

[deevodog]

They have not applied for permits yet or at least there has been no confirmation.Be careful of the Fake news.

[MikPrecious]

They have applied.  They are not reporting because it's immaterial yet as it has not been approved.  I advise you to contact IR before you make false statements.  I have confirmed with them.  It is very procedural task and to my understanding not very cumbersome.  It should come as people have stated in a month or two or sooner.  

[Overertune]

It has been a month.  Any update with the drilling permit?

[aYozzz]

Anon might know something...30k shares bought up right at open.

[EStreet]

11:57:46 U 2.00 0.08 300 1 Anonymous 1 Anonymous K 11:57:46 U 2.00 0.08 700 1 Anonymous 1 Anonymous K 11:57:46 U 2.00 0.08 1,000 1 Anonymous 2 RBC K 11:57:46 U 2.00 0

[Gummbah]

Well we all know it, don't we?

[AnchorValue]

I have heard thru the grapevine that they have a very specific date in May where they expect to receive at least some of the permit approvals.

[BullStockington]

That seems to make sense based on the expected  timeline for drilling to start mentioned in the last Torrey Hills presentation, and with when Ian is expected to move.  In the mean time looking forward to IP results from Brasiles, looks like the 3 historical lost holes are right on trend with the significant IP anomaly revealed so far.   Prominent  surface mineralization,

[EStreet]

The next stretch should get pretty exciting alright,,. Nice to see us trading back at two again as well. I thought the share price was pretty resilient considering this recent quiet period on the news front,,. The permits and the Brasiles extension should drive the price higher in short order,,!!

[Overertune]

Thanks! Assuming drilling permit in May, when can we expect drilling results?  My understanding is the drilling only takes weeks?

[aYozzz]

The entire program will be atleast a year imo. Weeks to drill, weeks to analyze. If I recall Adam (dont quote me) suggested a multi rig 4-6 program. There intention is to execute fast, but also do it right.

[EStreet]

I'm paraphrasing,,,,,,,. Talk of "five, six and even seven drills" proving up historic results as well as a posible resource "two to three" times larger than existing,,,,,also,,,, there will be "periodic updates as drill program progresses,,. In other words we will not be waiting a year for a final report to know some of the drill target results,,. Further 

[coppermonster]

so, developments we expect in the next 2-3 months are: a) 3DIP interim results for Brasiles and South Zone expansion b) Final high resolution 3DIP results for all zones, c) drill permits d) beginning of drilling activity. Anything else?

[aYozzz]

Yes, NR's for the results could be monthly with that many rigs...I think brasiles NR tomorrow or early next week to off-set the 13mm shares that become unrestricted tomorrow. Last time shares become unrestricted was Jan 15 (fri), NR on the following tuesday

[coppermonster]

looking at historic share price looks like it wasn't affected negatively immediately by Jan 15 warrants though it did drop to a temporary low in the next 4 weeks. Some 3DIP news to close out the week would be lovely!

[auricgold]

Agreed EStreet. I assume permits by end of May, drilling for 8 weeks, and results 8 weeks after. So first drill results  by end of September, around October. However, the drillings will continue and increase, so I am anticipating continuous results till December when Mexico shuts down, and back again starting mid Jan 2022. The really good news in Mexico is that you drill all year, no freezing

[CopperKing101]

The wild card here is this virus. Mexico...Brazil..remain hot spots with little or no lockdowns going on, no vaccine buys of consequence, thus dependent on others to help them out. Obrador is feeling political pressure having banked on the Astrozenica jab, and now is being "caught" for under-reporting deaths. Meanwhile, this thing morphs into new variations making doing normal business

[cranskin]

They are using Ivermectin in Mexico City and Chiapas with great success. Hopefully this might prevent any future problem with development.JMHO

[EStreet]

Oroco has good Covid protocols in place,,. In camp accommodations with a segregation system for new, temporary and permanent workers for both lodging and dining,,. There staff are not interacting with or living in the regular populated communities,,. Previous issues were handled in normal course without further issue,,. Going and coming could be a bit more of an issue which is partly why they have

[Overertune]

So the company will not sell until all the drilling in done?

[AnchorValue]

Ha. U best believe they will if the big bucks come in. If JTs memory of Brasilles prove to be true I can see a buy out on the spot - we'll be like Solaris but in a better regulatory environment.

[EStreet]

Need only refer to OCO's March 4th presentation for information on drilling permits. As I have reiterated "expect to hear something in the next 30 to 45 days",,,,.