Tocvan Ventures Corp C.TOC

Bullish flag has formed with a $1.60 target

[Beluga2020]

According to TD Analytics, on April 16th a bullish flag formed with a price target of between $1.40-1.60 within the next 6 weeks to 9 months. That sounds about right. The charts aren't always right but this signal further supports our investments into Tocvan. I might have to buy more at these levels before it gets away.

[lifegoeson]

Beluga, I sure like the price chart you are describing. If the management can keep the capital structure of TOC at these levels until the price runs over $1, which it appears they can because they have just raised capital and the free paper has already been exercised, then we could easily see more upward price movement. There ability to finance at higher prices could easily set this stock free

[GutterGuy]

I noticed on my RBC investing account under "detailed stock quote" that it has Tocvan classified as undervalued (at this time) with a fair market value of $1.23 Canadian.  This is of course the value they're assessing it without any drill results from our stage 2 exploration program,  which if good, should move the value of this company considerably higher. Sounds very

[lifegoeson]

GutterGuy, I looked at the RBC Analyst and Research Section and see that Morningstar's Take indicates that the Fair Value is $1.23 but they don't provide any technical analysis behind the valuation. My guess is the data that drives the valuation exercise is largely due to the amazing share structure of a little more than 27 M ahares and the levels at which they raised money (last raise at

[GutterGuy]

Good points and thanks for sharing your thoughts. I'm sure their analysis misses a lot, but interesting that even with a simple analysis it can be seen how undervalued our share price is right now. As you've previously stated, we just need to be patient.