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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. The Company's projects include Santa Cecilia and Margarita. The Santa Cecilia mineral exploration project is a 3,250-hectare property located approximately 100 kilometers (kms) east of the city of Copiapo, Chile, in the southern region of the world-class Maricunga belt and immediately north of the El Indio belt. The belt is characterized by gold epithermal and gold-copper porphyry deposits. The Margarita Iron-Oxide-Copper-Gold (IOCG) project is comprised of approximately 1,445 hectares and is located in Chile, 65 kms north of the city of Copiapo with access to infrastructure. The property is located within the prolific Coastal Cordillera belt that hosts the world-class Candelaria (Lundin Mining Corp.) and Mantoverde (Mantos Copper Holding) IOCG mines, and porphyry-skarn deposits such as Santo Domingo (Capstone Mining Corp.) and Inca de Oro (PanAust/Codelco).


TSXV:TORQ - Post by User

Bullboard Posts
Post by au536on Jan 04, 2010 9:22pm
403 Views
Post# 16637751

Technicals

TechnicalsWell unfortunately I seemed to have projected the pps decline. Not rocket science. I'm sure it was quite evident to just about everyone here that the pps had moved too far, too fast and that it needed a period of consolidation.
Hopefully the second part of the projection..that the decline will be short lived... comes true as well.
Tuesday might well set the tone as to the duration and/or depth of the decline. Now appears to be the time for deep pockets to come to the rescue of their own selfish vested interests (long). Just wish it was me with the deep pockets. Todays steady decline was not pretty however the size of the selling activity was only minor when looked at from a volume viewpoint. Hopefully these were weak hands taking advantage of an opportunity to lower their near-term exposure. 

A positive PR before the open on Tuesday would be most welcome/beneficial at this time.

Bullboard Posts