ORRP is the perfect trade opportunity for those seeking awesome profits in quick fashion.
With lithium prices gaining you have to be very quick on this one.
Monday's alert provided opportunities for traders to book profits between 10% and 20% throughout the day. I've become known for massive intraday gains allowing traders to get in, get out, and profit in one day.
That's how last week traders have been in a position to profit by over 1,000% in two weeks with my alerts.
Well, it's time for more. I hope you're ready. This alert is juicy to say the least.
Oroplata Resources, Inc. (OTCPINK: ORRP)
Monday’s alert saw a return to our winning ways. After opening at 0.085 the play rallied to a high of 0.105 and held steady for most of the day. Volume levels soared to over 11M shares and I hope you were able to capitalize early on the up to 23% intraday gains that were delivered.
I am now turning my focus to my newest trade idea – lithium miner ORRP.
I am not sure if you’ve been following but Wall Street investors have been turning their attention to lithium as gold prices continue its roller coaster swings.
ORRP is putting itself in the thick of things with the announcement of its 2016 Exploration Program of drilling and geophysics for the Western Nevada Basin (WNB) lithium project.
The news has led to some high level coverage. It was covered extensively by Oilprice.com here and here.
You might be wondering why investors are rushing to gobble up companies that are mining lithium but look further than the almost overnight explosion in demand that is being spurred by increases in electric car sales.
The market projections for lithium demand is huge; currently the global market is worth around $1.7B but demand is expected to create an 8.9% CAGR through 2019.
ORRP, which owns 500 claims across a 10,000-acre project, is shoring up its position as it looks to take advantage of the imminent boom. ORRP took steps to strengthen its board when it recently announced the appointment of mining industry veteran executive Mr Michael T. Mason.
And if that wasn’t enough ORRP has also recently secured top law firm Sichenzia Ross Friedman Ference LLP (“SRFF”) to act as primary legal counsel on corporate and securities matters.
With such a huge news profile you’d expect ORRP to present nicely as a near term trade opportunity and it does.
Having reached a high of 2.04 over the last 12 months ORRP is trading around 1.75 at the time of writing and has seen volatility levels soar in recent sessions.
Right now ORRP is uptrending with a breakout RSI of 59 and current momentum has created the perfect setup for a takedown of 1st level resistance (1.86) and 2nd level resistance (1.97).
It’s on with ORRP so make your move before it’s too late.
Check out the chart…
Here’s a link to the chart: http://stockcharts.com/h-sc/ui?s=ORRP
ORRP (Oroplata Resources Inc.) is focused on becoming a substantial profitable lithium producer by the rapid development of valuable production-grade lithium brine deposits in Nevada and throughout the southwest United States.
ORRP was founded in 2011 and is headquartered in Puerto Plata, the Dominican Republic.
Lithium Market Now $1.7B Globally
Global demand for lithium metal is projected to rise 8.9 percent per year through 2019 to 49,350 metric tons. In lithium carbonate equivalent (LCE) terms, the value of the global lithium market is projected to reach $1.7B.
Torrid advances in the rechargeable battery market will fuel increases, driven by rapid expansion in the lithium-ion (Li-Ion) battery industry as world demand for hybrid and electric vehicles (H/EVs), energy storage systems, and high-drain portable electronics continues to grow.
Rising production of primary lithium batteries will also support market gains, especially as improving incomes in emerging economies spur shifts to better performing primary batteries. Other major markets for lithium -- including glass and ceramics, lubricating grease, and metallurgy -- are forecast to post relatively moderate gains.
The lubricating grease segment will boast the best performance of these markets, spurred by the use of lithium-based greases in industrial and transportation equipment. Demand for lithium will also be strong in the smaller aluminum alloy market, where lithium is used to reduce weight and improve alloy strength.
Oroplata Resources Engages Sichenzia Ross Friedman Ference LLP
ORRP recently announced it has engaged the law firm, Sichenzia Ross Friedman Ference LLP (“SRFF”) to act as primary legal counsel on corporate and securities matters.
Headquartered in New York, SRFF provides experienced professional representation in all matters involving the securities industry, as well as in all general corporate and litigation matters. SRFF’s clients range from start-ups to established, listed companies. They include private and public corporations, partnerships, broker-dealers, bank-affiliated broker-dealers, investment advisors, registered personnel, public and corporate customers and investors, partnerships and other entities. SRFF also advises institutional investors on transactions involving complex securities law considerations. SRFF’s areas of expertise in corporate and commercial transactions, mergers and acquisitions, advising clients on private placements, initial (IPOs) and secondary public offerings, alternative public offerings, preparation of SEC filings and listings on the NYSE, NASDAQ and the OTCMarket. SRFF was recently selected as one of New York City’s best corporate law firms in 2016 by Best Lawyers magazine. For more information on SRFF, visit their website at www.srff.com.
Craig Alford, Oroplata’s CEO stated, “We are pleased to be working with Marc Ross, one of the founding partners at Sichenzia Ross Friedman Ference. Marc has an enormous amount of experience dealing with publicly traded companies, we are very confident that their expert representation will assist us in achieving our goal to build Oroplata into a premier lithium producer in America.”
To learn more about ORRP please visit their website: http://www.oroplataresourcesinc.com/
ORRP is poised, don’t miss out.
Jeff "The Mirkinator" Mirkin
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