Troilus Gold Corp T.TLG

RE:Theory Why TLG's Share Price Is Range-Bound

[AlwaysLong683]

One other note re. the Crux Interview:

 

At approximately the 23:45 mark of this interview which took place on October 17, the Crux interviewer asks about "cash on the balance sheet". Mr. Reid responded by stating they had about $15M now (half of $30M). However, when TLG released their Financial Statements as at October 31 (i.e., dated just two weeks later), Cash stood at only $1.2M. Further, on October 30, TLG announced a $15M bought deal offering at prices of $0.35 per standard unit and $0.42 per flow through unit, which many in here would apparently consider very low prices at which to be issuing new shares and warrants.

 

These are examples as to why I like to wait and see how management progresses through the majority of the financing / contracting / permitting process before making an investment decision.