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Bullboard - Stock Discussion Forum Toachi Mining Inc TIMGF

Toachi Mining Inc is involved in the business of acquisition, exploration, and development of mineral properties. The principal business activity of the company is the development of the La Plata project's gold, copper, zinc and silver volcanogenic massive-sulfide project in Ecuador. The company operates in a single segment being the mineral exploration in Bolivia and Ecuador.

GREY:TIMGF - Post Discussion

Toachi Mining Inc > Re:Dull and Uninterestin
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Post by Blazesb on Jun 25, 2019 7:46pm

Re:Dull and Uninterestin

This stock is not being manipulated.  It has been crushed along with all junior resource miners by Trump's trade war which has suppressed China's previously insationable appetite for resources.

Should Trump end his trade war and metals prices resume their rudely interrupted  bull market run Toachi will not be lifted.  Only progress on the second of the two fronts Jon Goodman identified will do that.  

The first front is building the mine which means capital expenditures which means share dilution which in turn supress equity prices during development.

The second front is exploration.  Good drilling results will do wonders for Toachi's share price.  Goodman has prioritized developing the mine. That doesn't mean the drills can't run into a decent pipe!
Comment by spexstox15 on Jun 26, 2019 5:20pm
Agree with most of your comments/assessment of situation, however I see some smart money "recognizing" the real value of this project to date (as is) with an interest to become seriously involved in a larger capacity. Many fundamentals are currently in place with blue sky ahead. Remember, buy at discounted prices when there is no interest in something, and sell when everyone is ...more  
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