Hi JB
Fair post, agree with alot of it, ive been here 4years & have seen no return & lost some serious money on ORPO a year back & even down a fair bit on current holding.
Now im either an absolute looney to continue to hold & talk up oropa or am a brave optimist that seriously believes ORP can perform in time, even in such a depressed market, though at the same time I know the risk I am taking in a very bear market.
Placing stock to the top20 is a must in this market, put stock into the wrong hands & the sp will dive like every other ompany has atm.
OROPA has continued to raise money at 5/5.5 this achievment should be applauded in this market, very easily we could have been looking at 3 cent placements, but directors have managed to attract investors that will stick around & obviously beleive OROPA will move to a producer at some point.
Its hard to say what will be the trigger for oropa moving forward, 2months ago my view is scopying study will rerate oropa to minimum .10+, markets have changed dramatically in that time, scopying study will be released shorty but will it rerate oropa enormously on that news? probaly not due to market conditions, but if results are positive it just ticks another achievement of oropa to become a future producer.
As we all see new director misha collins has consistantly been buying on market since being appointed, im banking on misha to be the one to attract the right support to move oropa sp higher, he holds the most stock & is putting his money where his mouth is & will benefit the most.
OROPA as you said has never had a good run, but I dont expect to see this tranding range last forever, if I did i would have moved on, the further oropa progress the more they get noticed & with oropa's project in a world class area no doubt many are watching.
Like you I am a little nervous as the support is pathetic atm, the spread is 3.5-4.6 which obviously does not look attractive when potential new investors look at oropa.
OROPA needs to attract a insto on board that will start to buy the sp up & make some noise to attract the market.
Lets see what develops from ANTAM talks & scopying study results.
Everyone must make there own decision & never go on my bullish posts, I know the risk im taking & on my research am willing to take it.
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