TOC touched new all-time high at $1.03.Another cleanup day for TOC. Everyone seems to be holding their shares and either a person or group are selling through Annonymous. The volume was one of the highest yet with 254,000 shares but get this, 245,000 of these shares were sold through Annonymous. Considering the tight share structure, and how the press release today outlined the drilling program, holes at the lab, bulk sampling, multiple pad permits, and application to trade in the US, I suspect the selling by Annonymous is for one of three reasons, 1) take profits, 2) raise money for another higher priced financing or 3) raise money for exercise of warrants.
2.63 million previously issued warrants and options from previous Private Placement have already been exercised for total gross proceeds of $650,000.
In the last PP, they raisded $746,801 at $0.60.with now 1.244 M warrants at a price of 75 cents.
Thus the 1.244 M warrants at $0.75.can raise another $933,000.without further dilution. If this is what Annonymous is doing, TOC will have plenty of cash to drill and advance Pilar to open pit mining status.