Post by
lifegoeson on Jan 23, 2022 11:56am
Crazy week in the markets in general.
The markets were under pressure all week as inflation is creating a problem for everyone, and it now looks like interest rates are going up sooner than thought. The DOW was down 4.58% the week. I am sure everyone watched the dramatic drop of Netflix during the now famous interview, it really shows how quickly news spreads. I think Netflix lost about 25% of its value during the interview because shareholders just didn't like what was being said, essentially it spooked them.
Like when TOC released excellent trench results on Tuesday, I don't think shareholder fully appreciated just how much these results will be in making decisions about production and where to drill. I believe it significantly added to the understanding of the potential size and scope of Pilar.
TOC made a sharp price pullback on Thursday closing below $0.90 on 321,000 shares (most volume we have seen in a long time), since nothing has changed and the trench samples were excellent, I am thinking someone got caught on a margin call and was forced to sell, let's face it, the drop in broader indexes world-wide also didn't help. Shareholders stepped back in on Friday with TOC closing at $0.93 on strong volume of 153,000 shares. Overall, TOC traded 536,000 shares for the week.
Things we do know, drilling is underway and we should likely see results soon. Metallurgy will also yield key metrics on recovery rates (but we already know that bottle roll tests have shown this to be greater than 90%). El Picacho is also an important asset moving forward. And who knows what else might be reported.
Comment by
pantono1 on Jan 24, 2022 2:27am
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