RE:RE:RE:RE:RE:RE:Price of GoldWith TUD running an at-the'market program it's in the best interest of investors to keep the stock price low even more than during a private placement. I think we're seeing the results and it's clear what Larry is trying to do.
On the other hand if I were KK I would never run an ATM program unless I knew something was going to happen that would crush the folks who are naked shorting the stock.
As a result I am taking advantage of TUD's undervalued status to add shares and if a short squeeze does present itself I will dig in like a tick and hold until the squeeze has completely run its course. No mercy. I apologize in advance to Larry and his buddies but that's the risk they are taking.
Do your own DD. The License of Occupation for the MTT tunnels expires in four months. It can't be converted to a Statutory Right of Way until the MTT is complete, and it hasn't even been started. SEA clearly thought a major miner would foot the bill and would have completed it by now. Too bad.
If the government of BC protects TUD's resources as it should, the fate of KSM is now in the hands of TUD. When you put that into a stock price calculation you reach two conclusions: 1 - TUD is in a position to extract a premium price from SEA in return for an agreement on the MTT and 2 - Things are about to get very ugly.
Several years ago I valued the MTT route at $50 million as a TUD asset. The price has gone up. I now see it as a 9-figure asset, most likely in SEA stock which will fund a huge increase in TUD exploration activity after the deal is made.
I could be completely wrong on this but the bashing feels like desperation to me at this point.
GLTA. Doug