Not one of the better weeks for Tocvan.... Tocvan is caught up in the negative resource markets, but this will change, just need time. I am beginning to sound like a broken record as the price continues to pull back each week.
Tocvan closed on Friday at $0.335 on 53,000 shares. The overall trading for the week reached 262,890 shares, I suspect the increased volume is due a combination of people leaving the play and those building bigger positions at very cheap prices.
We are already half way through the month of January and inches ever so closely to the drills turning. Brodie is apparently down at Pilar getting everything ready. The UAV lidar survey started back in October should be just about done, this in combination with extensive ground work, should provide excellent new targets.
For those who still believe in Tocvan, I know this is taking a long time, however, Brodie needs time to line everything up. Many are worried about the lack of progress and price pullback. I don't think distressed selling below $0.40 is the answer, but everyone has their own trading stategy and risk tolerance. When the price fell back to $0.30, buyers quickly stepped up to pick up the stock. In my opinion, there is simply too much going on here to sell, so I will be a buyer if cheaper stock hits the floor.
All the best, looking forward to Christmas 2024!!!!!!