Momentum...TMM is getting momentum of its attractiveness to the investors with Mr. Bruce Braganolo's presentation at NY.
Just a year ago, TMM's gold reserve was only less than 1 million ounces and now for the 2011 it has been increased to 2 million and forward target of 3 million ounces. This is due to the huge land acquisition recently.
Furthermore, TMM is giving physical gold for dividends. He said that gold mineralization continues on their drilling and no sign of gold not being absent as they advance their drilling.
There is a wall at $2.31 as I bought few shares at $2.31 to rid of the $2.31 ask. After I got filled it was still there with more shares in the ask. Must be the PRRF selling their 23.5 million shares but as Alex Tsakumis told me, their shares would be sold outside the market by willing and able buyers. He said in a whispering voice to me.. we do not want them to get $2.70 for their shares.
Hope to see TMM at the $3.00 range soon.