I thought the price held up well considering the markets.Overall, I thought last week was pretty good for TOC considering the ups and downs in the overall markets. The stock market is at heights never seen before as the Covid recovery continues and brokerages push on any news event to bring in buyers and exit their profits. I remember the big crash, the big bailout, and now monster profits being made again. When the markets are moving like this, even a monkey can pick a winner because they are all winners. Reality will come home when the trading mulitples reach heights that aren't sustainable, but not quite yet.
TOC closed at $1.60 on Friday on about 66,000 shares, but the good part is TOC shuffled about 612,000 shares last week in Canada alone (not sure about Germany but there was also good volume there). Also a few nervous shareholders exited and cleared the path for higher prices. All of this stock traded was near or within a stones through of its all-time high. The trading was well controlled as I still believe part of the exiting paper is designed to create profits for the exercise of warrants at $0.75 (I could be wrong, time will tell if I am right). They had good results on their step out drill, ultimately indicating the resource is larger and more profitable. When comparing this to other properties in the area, taking into consideration share structure and market capitalization, TOC is in a great position to advance Pilar. It is becoming pretty clear in my opinion why Derek said he turned down a $20M dollar financing offer. Simply too cheap when one looks at all comparables.
We are in the quiet period of summer but I expect more results to come, hopefully the US listing, and soon the beginning of the next Phase of drilling. We need several more months before the true value of TOC will be known.