re: Ann: Tiger Resources starts production at...
Just watched the stock come down to 51. I think the reality is that a few traders have been caught out thinking that this stock was going to go higher upon the news of commissioning and when it hasn't they have gotten cold feet and hit the exit button. To me the 51 cent trade looks like a capitlation trade. I also bought in thinking it was going to go higher post announcement. But im holding if not buying more.
The reality is that right now doesn't really matter. For those that want to look at the fundamentals this is a company that is now a producer for 10 years +.They have delivered on time and under budget. My numbers have them doing a 110 million dollar profit next financial year. At a minimum this could be a billion dollar market cap. Almost three times the share price.
Whilst it is sometimes hard to retain your nerve I believe so strongly that this stock is undervalued that I will hold and continue to buy if the stock continues to fall.
TGS Price at posting:
54.0¢ Sentiment: LT Buy Disclosure: Held
