GREY:TCEGF - Post by User
Post by
2investorknoton May 17, 2016 12:17am
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Post# 24879699
Today's press release and reaction
Today's press release and reaction I agree today's press release was a good day in many respects. In addition volume was obviously significantly strong yet the share price appreciation was let's say "subdued".
The key to whether our share price will increase lies, imo, with the comment made by Todd Hilditch, President and CEO of Terraco --
We believe that Spring Valley is a great undeveloped North American gold asset, and we look forward to observing Waterton’s development activities unfold.”
My point is investors will need to learn from Waterton what their plans are for Spring Valley. What is the timeline for developing the project etc. They have the capital and they are obviously interested in the project but details are lacking at this point. Hopefully once more is known by our "observing" of Waterton, investors will become much more interested. Until then, it looks like it is still going to be a waiting game.
But make no mistake, today was a good day for Terraco shareholders -- just not for the short term investors.
GLTA longs