I totally agree mickloff.
People have become accustomed to the market heading in one direction only and as soon as it reverses , they are out and on to the next sure bet . I totally understand the philosophy of setting stop losses on stocks particularly if you are a day/ swing trader but in the case of TIE I think it is worth holding on pending imminent results .
TIE is in an enviable position. It is fully funded to POG and fully funded to prove heap leach and further exploration using the eight drill rigs they own . There cannot be many (if any ) gold resource stocks out there that are this close to production with this balance sheet and still trading at the current price of 0.435 cps .
I'm convinced there was a nod and a wink concerning company news when Chijin paid 0.58 cps . Currently their investment is in the red by $12.325 Million . I'm also convinced they have positioned themselves for a future buyout. Let's hope , when it does happen , the board rejects any low ball offer. An offer above the current share price will make shareholders think they have just been screwed over . All IMHO. GLTAH
- Forums
- ASX - By Stock
- TIE
- Ann: Tietto Step-Out Drilling Hits 195g/t Au at Abujar SG Deposit
Ann: Tietto Step-Out Drilling Hits 195g/t Au at Abujar SG Deposit, page-34
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)