Oroplata Resources Inc. (OTCBB:ORRP) Surges Once More
tags: ORRP
Oroplata Resources Inc. (OTCMKTS:ORRP) is back with a vengeance and has already recovered some ground – but can its surge continue much longer?
Let’s look at some facts shall we. ORRP currently has a Market Value of $64.8 MILLION. That’s a big number, to be sure, but how well does it represent the company’s actual worth?
One glance at ORRP‘s financials is enough to give a definitive answer to that question:
- Cash & total assets – $8 thousand
- Total Current Liabilities – $125 thousand
- No revenues ever
- Quarterly Net loss – $26 thousand
Those numbers just don’t add up… until you take into account the fact that ORRP is currently being targeted by a paid pump by Investors Alley. True enough, that doesn’t seem to be the most notorious paid pumper group out there – however, it is worth noting that said pumpers were afforded a “total production budget of $300000” by Rich Team Consultants to tout ORRP stock. As per the disclaimer, only $2500 of that money has been paid to date – but that nevertheless means that this is not just an idle and listless promotion.
Rather, what we’re seeing could be one of the biggest promotions currently going on the OTC Markets.
As such, it is very likely to attract the attention of aggressive traders looking for a quick profit. However, don’t be fooled – in spite of ORRP not seeming to have any toxic debt to its name, it is still far from a safe investment. Experience teaches that no pumped-up ticker ever is. Investors should keep that in mind and act accordingly.
