Post by
lifegoeson on Dec 09, 2023 10:53am
Quiet week waiting for the Private Placement to close.
Another quiet week for Tocvan, closing Friday at $0.42 on 145,000 shares. Trading for the entire week was just shy of 400,000 shares.
I always like this time of year leading up to Christmas when people sell to create a tax loss for 2023. Remember that in order to qualify for a tax loss, the stock cannot be bought back for 30 days and needs to settle by the December 27th. I always like to keep extra cash on hand to pick up any deals due to this type of selling.
Nothing has fundamentally changed for Tocvan and I suspect, if they are going to complete the Private Placement, this will occur before the year end. I understand they are busy at Pilar opening up new roads to potential drilling site. Once this is complete, and cash in the bank, drilling should begin.
I am also anxious to see further results from the test heap leach study.
Brodie Sutherland said, "Results are pending to determine the other metals present in the dore bar and to quantify the remaining gold and silver present in the carbon material. Remaining gold and silver in the carbon will be processed shortly during a second dore bar pour."
Brodie Sutherland, also stated. "Our team has been active on the ground following up on the new surface discovery and completing the lidar survey. I recently was on site evaluating the placer mine developments. We are extremely encouraged by their advancements, further highlighting the potential for additional resources."
Merry Christmas.
Comment by
schmidilein2713 on Dec 10, 2023 4:37am
I think $200.000.- are still to place, aren't they? Can anybody explain why it takes a couple of weeks to place $500.000.- ??? That sounds corious to me..