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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 Aug 29, 2021 9:53am
149 Views
Post# 33779312

Someone in Canaccord wanted out near the end of the day.

Someone in Canaccord wanted out near the end of the day.Someone from Canaccord wanted out of TOC with minutes to go, they pressed the button (or should I say the computer did it) and keep executing small orders driving the price all the way down to $0.94 before getting filled. I suspect this could bounce back with a few trades very quickly. RBC also joined in and sold a few shares. Nothing has changed as far as I can tell, their last update was good, I guess people are getting tired and hoping to get back in later at lower prices. Good luck, this stock is thin and it might be a bit more difficult to purchase a large position, I suspect it is just best to hold, perhaps buy a few  more if cheaper paper comes out, and wait for more drilling  and results. An economic 43-101 resource will be determined once the bulk sample is completed. However, a back of the envelope calculation from the grades thus far, and knowing what other mines in the area are economical at a cut off of 0.41 g/t, I suspect the smart money will just wait for better days ahead.
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