Oriental Peninsula Resources Grp Inc
#1
Business Profile:

Oriental Peninsula Resources Group, Inc. (the “Company”) was incorporated and registered with the Securities and Exchange Commission on April 16, 2007 as a holding company intended primarily to consolidate and operate companies that own mining tenements located within the Philippines. Since its incorporation, the Company has acquired one operating subsidiary, Citinickel Mines and Development Corporation (“Citinickel”), whose principal activity is to prospect, explore, locate, acquire, hold, work, develop, lease, operate and exploit mineral lands for nickel, chromite, copper, manganese, magnesite, silver, gold, and other precious and nonprecious minerals.

The Company has a 94% equity interest in Citinickel, which is the sole claim owner of the Pulot Mine and the Toronto Mine (collectively hereinafter referred to as the “Mineral Property”) located in Province of Palawan, namely in the municipalities of Sofronio Española and Narra, and all interests therein for its exploration, development and operation. Citinickel’s principal activity is to prospect, explore, locate, acquire, hold, work, develop, lease, operate and exploit mineral lands for nickel, chromite, copper, manganese, magnesite, silver, gold, and other precious and non-precious minerals.

Citinickel was incorporated on June 5, 2006 and is currently the sole subsidiary of the Company. Citinickel is currently in collaboration with internationally reputable affiliates in pursuing the extraction of ore reserves and sustainable development of mineral resources within the widely known Palawan ophiolite zone.

There is currently no bankruptcy, receivership or any similar proceeding involving the Company or its subsidiary.

Source: Annual Report 2010



Results of Operations:

The company and its subsidiary has no revenue from operation as of March 31, 2011, March 31, 2010 and March 31, 2009 since it is still in pre-production stage. Though mine operations were already started in Toronto Mine Site no revenue has been recognized since it just started the mining operation. Other income derived from interests earned from cash in bank.

The Company does not anticipate any cash flow or liquidity problems within the next twelve (12) months. The company expects to pay all indebtedness within stated terms. The Group’s policy is to maintain liquidity at all times. Any shortfalls are addressed in advance to seek available financing internally or through third parties. Presently, no material deficiency is identified.

Net Loss Q1 2011: 3,421,743
Net Loss Q1 2010: 8,340,351

Losses attributable to Equity holders of the Company:

Q1 2011: 3,218,973
Q1 2010: 7,846,108

Source: Q12011 Financial Report


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#2
As new trader, muntik na akong maipit sa pag bili kahapon buti nalang naibenta ko today @ 2.76. Baka tumaas uli bukas pero pabilisan lang Smile
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#3
(06-29-2011, 01:28 PM)Riser100 Wrote: As new trader, muntik na akong maipit sa pag bili kahapon buti nalang naibenta ko today @ 2.76. Baka tumaas uli bukas pero pabilisan lang Smile

May analysis si Boss Spy dito, sell ang order niya. Good thing you sold it. Big Grin
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#4
Good morning Ruach ! sayang d ako naka ride today dito, nakuha ni TA attention ko, salamat narin at least panalo...again thanks to the legend SKY.
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#5
Distribution time? To those who have this, trading caution is advised.

PD..Never bought ORE for 2011...
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#6
...avoid na lang hihihi Big Grin


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#7
(07-08-2011, 11:56 AM)Ollie Wrote: ...avoid na lang hihihi Big Grin

Super agree....Big Grin

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#8
hihihihi, gumuguho na naman.. retreat!!! Smile
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#9
distribution phase na agad? hehe
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#10
mukhang hindi pa aiu... sana wag muna .. lol.. made a mistake.. instead of sell...na pindot ko BOT.. ***** vester
when GOD steps in, MIRACLE happens.....

It's more fun in FOREX!!!

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