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Torq Resources Inc V.TORQ

Alternate Symbol(s):  TRBMF

Torq Resources Inc. is a Canada-based copper and gold exploration company with a portfolio of holdings in Chile. Its projects include Santa Cecilia, Margarita and Andrea. The Santa Cecilia project is located approximately 100 kilometers (km) east of the city of Copiapo, Chile, in the southern region of the Maricunga belt and immediately north of the El Indio belt. The property covers over 3,250 hectares (ha) and is immediately adjacent to the Norte Abierto project. The Margarita Iron-Oxide-Copper-Gold (IOCG) project is situated in Chile, over 65 km north of the city of Copiapo. The Margarita project is comprised of approximately 1,245 ha. The Andrea copper porphyry project is situated in northern Chile, over 100 km east of the city of La Serena. The property is located at the western margin of the Miocene aged El Indio belt that hosts the El Indio and Pascua Lama epithermal gold and silver deposits. The Andrea project covers over 1,200 ha at elevations ranging from 3900-4900 meters.


TSXV:TORQ - Post by User

Bullboard Posts
Post by 21milehillon Aug 14, 2004 5:23pm
202 Views
Post# 7812288

My latest half-baked theories

My latest half-baked theoriesThese theories are all works in progress and change from hour to hour! I'll just throw them out there for criticism in the hope of getting closer to the truth. Sirit's recent price move from the .80's was more about getting Albright a better price for their 7.5M shares and had little to do with the Intel/Microsoft/Q2 news. Check out the trading action and notice how someone was buying to support the price and NOT to accumulate at the best price. The insider reports may provide some info on this eventually. How long can insiders wait before reporting? If Albright is selling a large block(s), the deal is already done and probably for more that $0.80/share. They knew what would happen to the share price once the news was released. Can't blame them for maximizing their profit. There are probably a lot of people like myself who sold into the strength and are now looking to buy even more shares with the money. It may take a long time for the share price to quiet down and find a firm support level. As it stands there is nothing between Sirit's present price and $.74 although it's reasonable to expect that support will materialize at a higher level than that. Time to check the price weekly instead of daily!
Bullboard Posts

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