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Torq Resources Inc V.TORQ

Alternate Symbol(s):  TRBMF

Torq Resources Inc. is a Canada-based copper and gold exploration company with a portfolio of holdings in Chile. Its projects include Santa Cecilia, Margarita and Andrea. The Santa Cecilia project is located approximately 100 kilometers (km) east of the city of Copiapo, Chile, in the southern region of the Maricunga belt and immediately north of the El Indio belt. The property covers over 3,250 hectares (ha) and is immediately adjacent to the Norte Abierto project. The Margarita Iron-Oxide-Copper-Gold (IOCG) project is situated in Chile, over 65 km north of the city of Copiapo. The Margarita project is comprised of approximately 1,245 ha. The Andrea copper porphyry project is situated in northern Chile, over 100 km east of the city of La Serena. The property is located at the western margin of the Miocene aged El Indio belt that hosts the El Indio and Pascua Lama epithermal gold and silver deposits. The Andrea project covers over 1,200 ha at elevations ranging from 3900-4900 meters.


TSXV:TORQ - Post by User

Bullboard Posts
Post by 4putton Jul 27, 2008 5:51pm
212 Views
Post# 15333808

I don't buy it F & R

I don't buy it F & RI can't see how Norbert and the CFO could conspire to hold down the price by sitting on information.  That would require a conspiracy of monumental proportions...all of the board members including Albright and his millions of shares.  Norbert has a few million himself plus options coming out the gazoo.  So do all of his employees, I expect.  And if it turned out that the info that Norbert and Anastasia were delaying or witholding was deemed material then they'd face possible sanctions from the SEC and lawsuits from shareholders.

Another more plausible explanation could be a lack of experience business-wise on the part of the CEO and CFO which is keeping the sp in check.  However, I think, Jack the Knife Albright would lead the charge in having heads roll if he thought for a New York minute that Norbert et al were not up to the task.

Unless we run into serious cash flow troubles and need to be rescued, we should do OK. If someone takes a run at us. I expect the sp will also run.  Always a chane we'll be bought out and Norbert said at the AGM that if the price was right, then....who knows...all part of the investing game, methinks.
Bullboard Posts