the only real draw backs OROPA has is there low cash position & directors failure to attract real investors that will take the stock higher., blackwood are obviously doing nothing but rapeing the company with the 1.3cent placement & the cheap convertibles notes, directors should hold off the convertible notes & look at more suitable raising options considerng gold has risen to $970! & soon enough will be $1000+, one would think investors/brokers/insto's would be knocking at oropas door to take stock.
If Martabe is being sold for $425mil Im not sure how you consider this bad for oropa lol
ATM the most advanced exporation projects in Indonesia are Martabe & Oropa's Pungkut as ARX project was just sold to ANTAM for $60mil+ debt take over, Martabe will be gone soon, so that leaves ORP for the taking.
We are in a great position but management coontinue to fail us by not attracting serious investors & even some big names to the board that have the contacts to push Pungkut forward to production.
Can only be disgusted that gold is at $970 & oropa is trading at .022.
As we have done for years we continue to wait for directors to deliver, they failed in the mining boom, now the gold boom is here lets see if they can achieve anything this time around, sooner rather then later.
No doubt oropa is one of the best advanced jnr explorers on the market, but that will only show when management get that message accross.
ORP Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held