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Tocvan Ventures Corp C.TOC

Alternate Symbol(s):  TCVNF

Tocvan Ventures Corp. is a Canada-based early-stage natural resource company. The Company is engaged in the acquisition, exploration, and, if warranted, development of mineral properties. The Company has two projects, the flagship Pilar Gold Project and the El Picacho Gold Project in the Sonora State of Mexico. The Company’s flagship project Pilar Gold is located approximately 130 kilometers (km) southeast of the capital of Sonora, Hermosillo. The project is fully road accessible and takes approximately two hours to drive to from Hermosillo to the town of Suaqui Grande on paved highway. From Suaqui Grande to the project site is approximately 30 mins on gravel road. The El Picacho Gold-Silver property is interpreted as an orogenic gold system within the regional Caborca Orogenic Gold Belt. The project is 140 km north of Hermosillo and totals 24 square kilometers (km2).


CSE:TOC - Post by User

Post by lifegoesonon May 16, 2021 11:01am
178 Views
Post# 33211256

TOC closed at $0.97 on 207,000 shares.

TOC closed at $0.97 on 207,000 shares.It was another great week for TOC closing at it's all-time high of $0.97 with 207,000 shares trading on Friday and 769,844 shares during the week. I always find it interesting and informative watching who is doing the buying and selling. Anon sold 204,000 shares on Friday and 610,000 shares for the week. What is this telling me? It is almost as though these are pre-arranged (orderly), thus allowing people to take a position at these price levels. I think it is reasonable to assume the buyers like what they are seeing and are well informed, otherwise the price swing would be larger. The traders are unable to play here because there is no volume and they are unsure exactly what could happen (possibly being caught short, so they don't bother playing at all). As for all the selling coming from Anon, I assume this is a distribution into the promotion thus allowing a selective exit for some and selective entrance for others, and in my experience hopefully allowing money to be raised to exercise warrants without further share dilution. Trading patterns become more obvious when the share structure and trading volumes are low (only about 28 M shares in the market). We all watch and wait patiently as drills continue to turn and the first 5 cores are at the lab which according to a previous press release the first 3 holes were shipped earlier, so I expect a staggered return of results now that 5 holes have been shipped and more to be shipped soon. And of course, let's not forget, a 50,000 t bulk sample has been discussed as one of the next steps to potentially opening an open pit mine on a limited basis as they prove out more resource with drilling. If this happens,  more money could be generated without further share dilution which can only be good for existing shareholders. Good Luck.
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