TSO

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2.3¢ tesoro gold ltd

Hi Corgi,Newbie gold investor here. I was wondering what it is...

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5 Posts.

11/12/20

12:25

Post #: 49510847
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Originally posted by Corgi: ↑

I don't think people are making a big deal. It's more the pent up frustration with Gold Miners, explorers and the broader sector at the moment. Everything is trending down in tandem.

Some are incurring some paper losses and are attributing the current scenario to the drills results. Which is complete crap, you are going to find it hard, almost, impossible to find another explorer at the moment that are returning thicker and better intercepts than TSO apart from DEG on a relative large footprint scale deposit in a tier 1 jurisdiction.

The current downtrend is primarily driven by the near record high level of naked shorts by the swap traders. These guys started going big net short around Jun 2019 when the POG ran from approx $1280usd to $1530usd in 3 months. That is a $250 run up!. Then shortly after Covid happened and the subsequent global QE, sending the POG up another leg. The Majority of these swap traders still have positions open. They are are currently incurring massive losses on paper. The swap traders were not too long ago Net Longs circa back end of 2018! They'll be under pressure to close out their positions soon, possibly, before the stimulus bill is passed. Don't know how much longer this downtrend is going to last, could be awhile because there is strong support bidding the prices up and a large position of net longs are actually likely to take deliveries!

Won't bore you guys too much, ffs, go DYOR. You shouldn't be investing 1c of your money into gold related sectors without a basic level of understanding!

Downtrend has very little to do with the Covid Vaccine Fake News!!!

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Hi Corgi,
Newbie gold investor here. I was wondering what it is about DEG and CHN that makes their market caps many multiples of TSO? Are they just more advanced along in the stage of their projects, or do they have more proven ounces, or something else? Thanks for your wisdom

TSO Price at posting: 28.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 2.3¢		Change 0.000(0.00%)		Mkt cap ! $35.72M

Open	High	Low	Value	Volume
2.3¢	2.4¢	2.3¢	$12.28K	521.2K

Buyers (Bids)

No.	Vol.	Price($)
1	43260	2.3¢

Sellers (Offers)

Price($)	Vol.	No.
2.4¢	248631	2

View Market Depth

No.	Vol.	Price($)
1	43260	0.023
1	600000	0.022
4	929403	0.021
7	1424999	0.020
3	952630	0.019

Price($)	Vol.	No.
0.024	248631	2
0.025	675000	4
0.026	37035	1
0.028	1025000	2
0.029	25000	1

Last trade - 12.00pm 15/11/2024 (20 minute delay)

TSO (ASX) Chart

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Hi Corgi,Newbie gold investor here. I was wondering what it is...

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