Versant Report....Sharp Jump on New OrdersVALUATION & RECOMMENDATION
...We are maintaining our target of $1.75 and Speculative Buy recommendation.
Although we do not anticipate any large or material contracts to be announced before the end of the 2006/7 fiscal year ( now completed ), we do caution investors that shares in TORR can and likely will jump sharply and quickly if the company does announce any sizeable orders, or potentially any sizeable bids.