Post by
lifegoeson on Feb 13, 2021 10:47am
TOC closes at all-time high of $0.68.
Again, I am encouraged by the trading this week with TOC closing at an all-time high on Friday after trading about $0.68. The buyers continued all week with about 1.87 M shares acquired during the week, I used the word acquired because the selling was generally from profit takers being replace by speculators thinking the price is going higher. Traders have not been able to play effectively because of the low number of shares outstanding around 24 M. With the money being raised at $0.63, this only adds about 2.5 M shares (and equal warrant), thus the total shares in the market will be only about 26.5 M shares. The results released this week were very good, highlighting the potential for expansion of the resource at Pilar. I suspect the financing should close soon. There are 2.28 M options and 2.5 M warrants at lower prices so more money can be raised without significant dilution. Interesting days ahead for sure.... Good Luck.