Timeless Capital Corp V.TLC

RE: Just not sure?

[st0ckpicker]

These guys are not day traders so there is no point to following up quickly with another release. Their job now is to try and make sure they can attack the next well with the least risk. I believe it takes about $2M to drill one of these so they need some assistance. I don't think they are going to be keen to go into the market for those funds at these prices as it will only dilute their holdings. If I were a betting man I would guess that the next announcement is a farm in or joint venture that is limited to a small portion of their holdings where they think they can get a quick hit. Their portfolio is massive but their funds are limited so this makes the most sense.

This is going to be a longer term play if it works so quietly accumulating on weakness is the way to play. Congrats to anyone who shorted the move up on their first news. That would have been a nice play. Risky as well but in hindsight highly profitable.