RE:RE:RE:Soft Bashes?SuneeDaze wrote: Exactly! Many of us have commented on how undervalued TCO is relative to its peers. Undervalued and under followed. As an investor, isn't that what we should be looking for...and tco is definitely both.
I get the impression that several posters here bought in on this week's news and were hoping for a quick return...or at least hoping it would continue upwards after our purchase (which is always nice). Remember it's up about 130% from where it was before the results were released. Even though we're up this much, TCO still has a market cap under $8 million which is unbelieveable...again, greatly undervalued relative to other explorecos. that have produced "ballpark similar" results and were readily given valuations of $20-$30 million and upwards. AND tco has resources of 600,000 ozs. on one property with historic outlined resources on the some of the others as well. AND a mill/processing equipment. It's easy to see how a fair sp would be 3-4 times current valuations if not more.
As for financing talks. Let's face it. Explorecos., any company without revenue relies on financings. They're inevitable and they will be here as well. Personally, I'd welcome it. It'd essentially mean we're heading full steam ahead for awhile. Let's give 'er and start generating results which in turn will create a news flow, investor awareness and stock appreciation. Also, this is a fairly illiquid stock. Of the 86 million shares, over 50 million are held by insiders. It's probably safe to assume they'd take a major portion, but more share space in the public would make it more liquid. Had the sp ran more, there would've been more warrants exercised (I believe exercisable between prices of 0.15 and 0.25 and more? Not sure)
Anyway, my average price is now 0.09, and I'm willing to hold on for awhile and see how this develops moving forward.
"...more share space...". .. more shares in the public? I need to turn off auto correct!