Post by
SGCGRIMREAPER on Sep 05, 2018 9:08am
Key to today's TGZ trading
will be volume, not price.
There was clearly a buyer in yesterday's otherwise, poor metals and mining trading day. To think it;'s something more than just one buyer positioning themselves, similar volume today would go a long way in doing that.
The market is already discounting the resource update so unless it's much higher than management has estimated, we'll need some new and great exploration results on one or more of the thankfully increasing number of places it can come from. That, and gold moving back towards $1,300, will take us to new highs.
Also, the sooner the new resource is announced, you can bet Mimran will be buying aggressively at these levels. If only some other insiders like Young, who always claimed we're very undervalued, let action speak louder than words for a change.