sheer frustration and absolute disgrace

gazza talks about his 1% frustration. i have had it up to my ears with oropa. let me tell you my frustrations cos i am fed up with all the bull.

i'm longtime shareholder in oropa. and disgusted how executive management acted over many years, how my investment now dwindled, i've endured consolidation of capital, more recently scandalous share placement and note deal that gives control of company to some blackwood group. now they are probably dumping cheap shares too this could keep the price down for the next 7 months until note has to be repaid to whom, yes to blackwood guys! now my investment only 5% of original value!

all other posters on oropa forget that market cap is plus the notes! already 1 guy has converted 5 mill notes and may be dumping those onto the market now. There are another possible 75 mill of those cheap notes ready to be converted and dumped onto market!! at what price cos they got them for next to nothing.

before i wasn't happy with exec cos share price always went down, but at least there was continuous news. now no news even tho we were promised it early this year. the last quarterly was very bad news - they were drilling for more than 3 months and reported bugger all progress.

the gold project smells - if they have drilled on 100 metre grid or even less why is there only inferred resource. seems to me that means gold resource not very reliable and not continuous over close spacing means its gonna cost a fortune to get better resource estimate. if you work that out it means a huge drilling program gonna cost millions and take years to finish bfs, that means huge dilution to current shareholders at these prices. the pfs is not worth a pinch of XXXX cos there is not proven million ozs at all - otherwise why are they still drilling to increase resource - it really smells.

that is why they still looking for more gold cos not enough now in resource for true bfs.

they can't complete the drilling in the next 12 months cos in 3 months they only drilled 900 odd metres so anyone saying production in 2011 has no idea of what they are talking about. and of course it won't be 100,000 ozs pa (if they had that amount of gold to start with LOL) cos its only owned 75% and if you look at the numbers pfs talked about only 1 mtpa at 2.4 g/t = 60,000ozs total production pa so oropa share less than 50,000 ozs if they ever get into production.

for the quarter only half the holes had any grade, and only 1 of 15 holes had decent grade of 11 metres around 2 g/t = not much chop for increasing the iffy inferred resource. for the quarter there drilling cost $600,000 and directors reaped in another $210,000 so if you realise they only reported $900,000 left in the kitty at end of quarter that means either they are not doing much drilling this quarter and theres gonna be another huge capital raising soon to even achieve 900 metres like last quarter or they will be out of money by then - there estimate of only $300,000 spend in sept qtr says to me they don't intend to drill as much as last qtr. that sucks.

i am fed up with management putting out garbage thinking we will continue to support them. i reckon its time to vote these guys off the board at next agm, or if someone has the shares then call general meeting now and we can remove all these overpaid execs.

i reckon that someone is behind the cap of 3.2 mill shares to sell at 3 cents trying to soak up more shares with that future capital raising and who knows it might be the guys that took the last cheapies. how can you trust the current management when you read and think about there actions so far and cos they were involved with the last dilution.

oropa is not going out of the wilderness fast with that cap in place and i am so fed up with it all. since my shares worth nothing much now i don't care to tell it like it is, anyone saying anything i read here sounds to be full of bull. maybe they are trying to pump and dump time will tell.

as for diamonds, i wish i never heard of oropa in it when i bought my shares. its a joke.