Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Post by galanton Jan 25, 2021 12:48am
432 Views
Post# 32373035

Anyone else still stuck with this stinker?

Anyone else still stuck with this stinker?
This stock has got to be my worst buy ever.
 
In the last 3 years my Barrick has gone from $14 to about $30. In the same timeframe TRA has gone from $0.09 to $0.08. These 3 years have seen a gold run and an all time high for gold. And Teras has done nothing at all. Literally no accomplishments occurred during this entire time. Now gold is retreating and the stock market is flying high. 
 
In the last three years so much stock and option creation has diluted any value that might have been created in the meantime. It's hard to imagine how the stock could go back to the highs of 2012. I really struggle to see how a 43-101 could be so amazing as to offset this. They can barely make their lease payments every year - they have to issue more stock with low-price warrents attached every time.
 
We've been told that there's huge news around the corner for almost 10 years... and then the CEO steps down (but stays on as a highly paid consultant) and I guess at least there's been tons of options printed for the executives. Nice for them.
 
It sure seems like the only people that have benefited from this are the executives who sure seem to be pulling in above market paychecks for absolutely zero results. 
 
Any one else have an alternative view on this thing to give me some hope?
 
<< Previous
Bullboard Posts
Next >>