TSXV:HOIL.H - Post by User
Comment by
Schmidon Mar 24, 2014 5:52pm
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Post# 22361459
RE:No Worries
RE:No WorriesPlus another 8 million possible today at 4 cents = $320,000 they could have raised today with TFR doing 37 million in volume on the Venture alone. I didn't bother checking the other exchanges. lol
Welcome to the MMJ space. IMO, fundamentals go out the window, as it's like a gold rush to get to the claims before someone else. ROL
I am just speculating they sold TFR shares recently, they may be holding out for a dime or more. Do that math. ROL
MMJ is great for the Venture to bring in fresh money and some of these companies can use the funds to return to traditional mining activities, like I think TJ will do now.
If mgmt is smart they will use this as a second chance to become a viable mining junior by developing one of their properties. The graphite property sounds promising with Tesla and other developments making that sector still very attractive.
I don't even have an Ask on my shares on this one. I am waiting to see how this plays out over the next few months.
JMO's