Oroplata Resources Inc. (OTCBB:ORRP) Climbs Further Up
tags: ORRP
Oroplata Resources Inc. (OTCBB:ORRP)’s pump is still going strong – but how much longer will that last?
Friday’s session saw ORRP dip into the red for a brief period of time – but as soon as Beat Penny Stocks and OTCMagic joined InvestorsAlley’s touting efforts, the ticker was up and running once more.
What’s more, since the “total production budget” of the pump was $300 thousand, one could assume that the pump will last for a while longer. After all, with such a large funding pool, investors could assume that the pumpers would do their job diligently.
So far said touters have done an admirable job – and the dollar volumes have only been growing steadily for more than a week now. However, as we all know, even the most high profile pumps lose their effectiveness over time. This is an axiom of the OTC Markets – so at this point it’s not really a question of “whether or not” ORRP will crash, rather one of “when”.
Now that a couple more pumping outfits have joined the fight, it looks like ORRP has staved off the breaking point. However, make no mistake – that turning point is coming, and the more time passes, the closer it grows.
Investors eyeing ORRP should only try to exploit its current volatile state with the clear knowledge that it can crash horribly at any time – and that it probably will do just that before long.