RE:RE:RE:RE:Today's News / volume / actionI prefer to look at the facts and what is actually happening in the market. Let's take this back to 2020... There was serious demand to buy TUD/AMK/TUO when the market was red hot and TUD became a 10 bagger in a matter of months. The excitement brought on by Sprotts involvement coupled with gold going over 2k caused the entire sector to boom in ways I have never seen before. Any "expert" worth their salt would've told you that all three amigos ran way too hot, way too quickly at that time, regardless of how juicy the story is. You see a play run 10x in short order, the probability that it then trades backwards is significantly higher than continuing its climb, common sense.
Since then, the macro-economic environment has changed, i.e. crypto stole the show in 2021 and 2022 was just a mess all around, there was hardly any interest in the sector, this caused many of the weak hands and fair weather investors to leave. On a micro-scale, the story here at Treaty Creek did not change per say, but it became more clear. We have tens of millions of ounces of gold, but it is relatively low grade. The market recognized this, and I suspect is now waiting to see if this ore can be economic to extract from the earth. I suspect that like Seabridge, we do in fact have an economical deposit on our hands here, but again, the market wants to see this, hence why yesterdays news did not have an effect on the share price. I never cared about the updated resource estimate, all that matters to me is the PFS and PEA - aka steps towards seeing if this deposit can be mined profitably. If it can be mined profitability, then we will absolutely see the shares rerate themselves and likely in short order.
You bring up the short position chart, as if that matters LOL. Thank you for confirming what we all knew, there's a short position involved here, just like just about every other play. What you failed to mention is that there is hardly any demand to buy the stock, just like yesterday. If people really wanted in, and wanted in fast, demand would soar and and any meager short position would be blown away. Remember when we had our run in 2020? Demand some days was over 20x today's average volume, and easily at that. According to Stockhouse, 69,885 shares were traded as of 2:10 in the afternoon, do you really think that is going to move this stock up? As i said, now that the story is more clear, we wait to see if this mega-deposit can be mined economically and if it is, then we may truly see a nice climb in the share price. A strong gold market, which I suspect is coming soon will be another benefitting factor in share price appreciation.
Some of the posters on this board have provided good insight over the years, especially SM1 and his willingness to provide technical analysis, I and many others thank you for that.
P.s. I didn't write this post for you Fordster. I wrote it for any inexperienced investor who reads your misinformation on a daily basis and could be negatively influenced by it. I want people to be able to look at a story objectively and determine why their investment might be down instead of just blaming shorters for everything. There's this little thing called the lassonde curve, you'd do well to read about it. Im still in the red here, but unlike you I actually research just why that might be.
You've been on these forums for how long? Since 2006? Question for you - have you ever actually made any money in this sector? Judging by your bitterness and you singing the same song and dance post after post, probably not. Maybe one day you'll figure it out.