funding secured - gold in favour - oropa a buy

Been absolute hell holding oropa for the past few years, the potential stands out but the market has always failed to factor in the major achievements made, even with gold soaring & oropa's gold resource tripling with potential to even triple again with further drilling.

Main problem has been funding, oropa has always placed stock to dead investors that had no intention to support the story on market thinking others would do it for them, obviously not the case & the reason we saw disturbing lows of 1.1 cents late 2008 shooting the confidence of investors that have been here for years, some investors had enough & voted a few directors out showing we will not sit here & accept this type of performance.

A change is coming, oropa has finally secured funding 30mil shares at 1.3 & a upcoming $2mil+ convertible notes, though the 1.3 placement was not the best of prices it is only 30mil shares the dilution is not to harsh, the main raising of $2mil+ is convetible notes which wont dilute as long as they are paid back down the track by due date, a small price to pay to get reputable backers on board & going by the wording of the funding package new board members are coming & imo blackwood will take a seat on the board.

What this means for us?

Oropa can start driling the resource more aggresively & likely increase the resource substantially, 2/3mil oz+ imo, as oropa only had small funds to work with in the past they only scratched the surface hitting 1mil oz, the potential for substantial increase in resource is already proven now its time to unlock it with reasonable funds available.

Martabe next door is looking to be sold for $362mil! & needs a further $434mil! to devop it for 6mil oz gold & 61.9mil oz silver, compare this to oropa's 1mil oz gold & u.s.$40-$70mil development at u.s$442 producing cost.

With funding secured Oropa can now have bargaining power over the project with majors wanting to take them over or take a % of the project, we wont need to rush into anything for the sake of staying alive, we can hold back continue to drill & upgrade the resource until a major is willing to pay a real price for oropa, a price that factors in the substantial potential to be a possible martabe.

GOLD by the looks of things is the place to be in 2009, a break of $1000+ will set a major rally in gold stocks & this time around OROPA is in a good position to benefit enormously.

If my thoughts on blackwood capital are right, oropa increases there resource & gold continues higher to $1000+, then I stick with a target of .20 - .50+ big call considering where the sp is atm but nothing has changed with Pungkut, the resource is there & will only get larger.

It all comes down to having the right backers supporting the share price & the story, time will tell but oropa finally may have achieved this.


Its a stand out buy - dyor


From latest announcment:

"Oropa’s directors consider that the Company has one of the most advanced gold projects currently being explored in Indonesia"