missing the boatwhile you probably own tigray through owning Canaco, investors are missing the boat on Tigray completely. Tigray is fresh, cashed up and has massive blue sky. The problem with Canaco is the structure. Yes, the cash position is good for tough times, but tax loss selling while keep this rangebound. What else can analysts say? The market knows they will drill nice holes but it wants something better and it wont come. the closer canaco gets to and inferred and indicated resource the worse off they will be as the shine and mystery upside will be taken out of the stock.
Tigray has a much better upside and the mystery and blue sky is far better. it's all about making money and your chances are some much great buying TIG @ 1.40 than Canaco at the same price.