GREY:TWNNF - Post by User
Post by
beachmanon Apr 23, 2010 2:37pm
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Post# 17025214
Greg is a promoter
Greg is a promoterMost of the points that Digger and other promoters have come up with are basically rehashes from Greg Whositz. No offence to digger or any other TRR PR person.
The last guy you want to talk to now that the drills are turning is Greg. He is the numero uno promoter. Find out what potential buyers are thinking not the salesman.
You can pile as much promo stuff on this as you want but I'm afraid you can't fool the market. The drills are turning and they have spoke loud and clear.
The odds are heavily stacked against you right now and the most likely scenario is that what you see is what you get....and that is a small, low grade porphry type deposit.
You can hire a dozen drills, appoint the Pope to the board and write pages and pages of promo and post them on this board but that will not change a thing.
I think what spooked the markets most yesterday was the fact that TRR only released the results from a few holes. Normally when a company get's great results from a hole, results gets released right away. This didn't happen. In fact every day from now on that goes by without a release of results decreases the liklihood that results meet or exceed expectations. The ony thing you can look forward to with these type of low grade deposits is huge dilution. Don't forget how to value these sorts of deposits either. Brett is being valued at $50 per ounce, even though the price of gold is well over $1000. So 6.7 million ounces of inferred gold fetches a market cap of only $337 million.
TRR already has a market cap of over $100 million and has nothing inferred. So TRR's share price has got ahead of itself and technically speaking is over-valued IMHO.
These are the reasons I have decided not to buy.