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Teras Resources Inc V.TRA

Alternate Symbol(s):  TRARF

Teras Resources Inc. is a Canada-based mineral exploration company. The Company is involved in the acquisition and exploration of mineral property interests in Montana, Nevada and Cahuilla in California. Its projects include Cahuilla Project, Corral Canyon, Gold Point, Superstition Mountain, Sunny Slope, and Watseca Mill. Its main project is the Cahuilla project, located in Imperial County, California. The Sunny Slope gold mine consists of approximately 16 unpatented claims, which is located in Mineral County, Nevada. The Gold Point property consists of eight unpatented claims, which is located in Sierra County, California. The Corral Canyon Gold Project consists of two unpatented claims and is located in Churchill County, Nevada. The Superstition Mountain Gold Property consists of six unpatented claims, which is located in Imperial County, California. The Watseca Mill Property is located in Rochester Basin, Montana, which includes a mill site and 13 patented mining claims.


TSXV:TRA - Post by User

Bullboard Posts
Comment by galanton Jan 14, 2015 4:40pm
324 Views
Post# 23320102

RE:Naked shorting

RE:Naked shorting
Is there a particular reason you think that? The trading statistics I see doesn’t support that conclusion. I’m genuinely curious why you believe that significant naked shorting is taking place.
 
In fact, it looks to me like the entire reason the stock is being pushed down is a lack of actionable results and a low gold price. I’m sure that the failure to capitalize on the high gold prices of 2012 also adds to the pressure.
 
Additionally, I can’t imagine that the other investors are thrilled at the compensation that the directors received in 2014 which looks out of step with the company’s results and financial condition.
 
Now it looks like the company is raising additional funding by issuing more shares, undercuting the current market price.
 
I anticipate a very tense shareholder meeting next week.
Bullboard Posts