RE: RE: Toll Cross on the buy....eom pennies from bottom,great buy. also, $10 Mil. cash raised. No need for dilution for drilling program and gold is continuess,and low cost. Got my bid in for 30,000 more shares. Couple good NR's could turn this completely right around,and will.
Interesting view point but I do not agree that there will be no further dilution. At a discovery cost of $20-$30 per ounce the $10M is good for 333,333 to 500,000 ounces of new gold to the balance sheet. I certainly hope that the drilling continues well beyond a grand total of 1.3 to 1.5 million ounces. All we can hope is that the price per share is representative of the true value of the deposit when they seek additional financing such that dilution is minimized.
As I previously mentioned in a post, and very much contrary to your sentiment, is that this stock will probably not turn around until the market turns around. A couple of good news releases will not do it. In fact this stock has declined on good news several times in the past few months. To expect anything different in the current market condition is probably ill advised.
In any event, my assumption is that the down side will be limmited to the low 30 cent range. That is not to say that we will trade that low but based on the current market it is possible in my opinion.