7 reasons to take a punt on Torque...
The company's MD, Cristian Moreno, hits another one over the fence with his superpitch effort at Diggers. His presentation starts from about the 52:00 minute mark in the clip embedded in this article
https://themarketonline.com.au/brightstar-tops-votes-in-2024-kalgoorlie-super-pitch-2024-08-07/
Very openly talking about some merger & acquisition action coming up sooner rather than later. He did not mention the New Dawn lithium project but my guess is they would prefer to sell that and not the Paris gold project. I think it fair to say that New Dawn was what they grabbed onto when they were drowning last year when the market for gold juniors froze up. I think there are some green shoots appearing now for gold juniors and CM did recently confirm that Torque is primarily into gold.
Just for the record, here are the seven reasons CM listed:
- capital structure - only 180m shares on issue
- gold grades - best in WA
- strong technical team - great jurisdiction
- biggest tenement holder in the region - big neighbours
- not a life style company- only 15% of spend was admin the rest was in the ground.
- efficiency of drilling and met work - maiden MRE due out soon
- belief in CM - wanting for Torque to get as big as Spartan
Hang in there, Cristian, from what I can see you are doing all the things right. Now what is required is perseverance and a touch of luck.
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