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.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by galanton Jan 26, 2021 11:58am
546 Views
Post# 32387770

RE:RE:Anyone else still stuck with this stinker?

RE:RE:Anyone else still stuck with this stinker?
I find it incredibly disappointing.
 
If this is the kind of mineralization they've been working on for almost 10 years while diluting at their rate I am truly embarrassed by my position.
 
17% increase in indicated gold, plus an expected conversion of previously inferred ounces. 
 
Was that worth the issued shares going from 39 million to 206 million (plus 42 million outstanding warrants at dirt prices, up from 15 million)? How can anyone expect that the stock price will ever recover to 2012 levels with that dilution and debt? They don't even have long-term rights to the land.
 
Predication time: the next release will be some vague positive news with a multi-million stock option grant thrown in at the bottom for the "directors, officers and consultants". I wonder if they'll invoke every long's favourite TSX Venture Policy exemption. 
 
<< Previous
Bullboard Posts
Next >>