Oroco Resource Corp V.OCO

No volume in the $1.70,s

[LAG4]

I get they needed to do a raise however the way this has been done they sucked the wind out of the share price,. Some real gaslighting going on here, not the least of which are the same folks that participated in the PP were the same bunch that sold it back to $1.75 and blamed the dumm asssed retail investers for not understanding the drill results,. Need only look at the volume/share price and to see when PP news became available to some,. Now we don't know how many drills are working?

[Patriot]

You are right over the Target.In my opinion this was a family and friends PP.Didn't take MCE long to come out with a video trying to distance themselves saying they don't know who took part in the PPand not sure how many rigs they had turning.Really?

[Basketfan]

Reading helps ... there are 3 drills in use  " Three rigs operating. Holes 16, 17, and 18 underway testing the North Zone and Brasiles." [url=Three rigs operating. Holes 16, 17, and 18 underway testing the North Zone and Brasiles.][/url]

[LAG4]

Exactly, not to hard to find, the point is 3 drills have been public knowledge since last year also the plan all along was to go to 5, 6 & even 7 drills, not 2 or 3 then raise money to get more drills as has been repeatedly floated here. I get it, I've been adding all a long,. The program has gone a lot slower then anyone had hoped so it was totally expected that they would need to raise

[FrozenInOntario]

The 3 drills is what I do not understand.  Understand the raise but they still had 12 million in their last presentation in February   Would have taught they would be drilling more aggressively unless they are doing it themselves and are not outsourcing for the moment ?  This being said, the more data they get, the more information is available to do effective drilling as this

[jwall34]

Increasing drills increases the cash burn rate.  There's also an infrastructure component.  Manning 6 drills vs 3 requires more staff, more space, more coordination.  These take time to scale up.  Inverstors always want things to move faster and while the company may have been 'slow' by some standards I would rather they take the program slow and do it right than

[FrozenInOntario]

Thnaks Jwall on  your post.   Of course increasing the number of drills increases the burn rate.    Would have taught that they could have increase pre raise.   Now what is your estimate of mobilisation/rig increase ?   Anyway, in this business you take the money when it is available. Mind you, they only have permits for 9 drill pads in the North Zone

[Mhysa99]

Hi, where are you getting the "there appears to be some problem with the owner's title on the north zone" info from ?

[FrozenInOntario]

January MD&A.   Mentionned twice.  Probably just bureaucracy but it takes time it would appear. Formalization of its agreement for the surface rights for the North Zone is pending regularization of the owner’s title. The Company has obtained an environmental permit for the construction of roads, camp and 46 drill pad locations in the Brasiles Zone, and approval for 9 drill pad

[coppermonster]

The 9 drill pads was the first round of avisos from june 2021. As of today the company has drilled from 12 pads with at least an additional two pads ready. Getting additional avisos is not an issue as the ongoing systematic drilling effort shows including with drilling from thr west slope. Comprehensive permits will come. Paperwork takes time.

[Patriot]

And you know this How?Go back and read your last post about putting out false information.

[coppermonster]

Oroco tweet from earlier this week. 18 holes drilling. 4 in brasiles, 14 in NZ. Only one or two holes in NZ were from same pad; ergo at least drilling from 12 pads.

[coppermonster]

The amount of verifiably false speculation and information on here is mindboggling, especially for folks who say they are investors and bullish.  In all of Adam's THC presentation the indication has been all along that they would scale up to more rigs after a raise.  Scaling up drilling operation takes time, effort and money. You can't go from 0 rigs to 5 rigs in 6 months. It

[LAG4]

Your the one that is distorting what was said on the THC videos,. What was said many times was that they were well funded for an aggressive drill program with a probabilty of a small raise to carry them through to the end of the program. Not were going to drill 8 holes and then do a raise. Go back and listen to the source you are quoteing. Also If you have proof of institutional involvement show

[Overertune]

So it cost at least 30m to continue drilling for a year.  Can oro finish what they want to drill in one year, with 5-6 rigs?  When are they qualified for buyout?