RE:RE:Is it common for….. Yes the valuation is severely discounted. Agreed. But as for 100% manipulation, I'd say look around at the whole junior mining sector. The elephant in the room is normal erosion of holders by personal needs to liquidate - other opportunities, overextended, life events, cash calls, now compounded by the sharp rise in interest rates for those that liked to play with borrowed money from HELOC's or margin off portfolios ... and a very shallow buyer pool. It gives sellers and shorters little resistance, however illogical valuations become.
Metals prices have sat flat or down from 2022. The junior indexes are depressed. It is not 100% manipulation, it is an anticipatory bear market from rising rates and fears of recession, plus a fundamental change in retail brokerage that just can't retail junior stocks at this time like the machine once could ... oh, 30 years ago?
No doubt there are algo computer traders, hedge shorters, day flippers playing the weakness, but the bottom line is weak cash inflows to the entire junior sector. TC is a good, promising project with very weak valuation by market trading at this stage.
Metals prices rise, interest rates moderate, speculator confidence is emboldened by early entrants making large gains -- up we all go.
Yeah, big bummer if you are forced to liquidate out of quality positions these days by personal circumstances.
It will turn around but the upside proposition (and the downside pain) can get worse as well in the meantime.
I have absolute confidence in the greater value of TC and several other undervalued quality juniors. But it may be a painful hold period before the market turns up. We'll just have to wait it out, and worse than any trading manipulation in the meantime, since the stock price is only indicating valuation at the margin of the price trend, is stock issuance by treasury to keep the lights on in the meantime. The stock price on the market can rise, but dilution is forever.
Always darkest during these periods. Patience and deep pockets help a lot.
cg