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Gold/Mining/Energy : TNR Resources Ltd (TRR.V was Toscana) -- Ignore unavailable to you. Want to Upgrade?


To: John Fairchild who wrote (621)3/13/1999 1:29:00 PM
From: John Fairchild  Read Replies (1) | Respond to of 659
 
I posted this at Stockhouse: Some careful accumulation before drilling.

TRR volume picking up with brokerage houses taking turns in careful buying.

Nice big bids. Buyers - Odlum yesterday, Georgia Pacific Thurs, Canaccord Wed, Georgia Pacific Tues, Daytraders on Monday during the runup.

This stock appears to be in a very organized accumulation stage right now and for good reason. I believe that we are going to see a big rise in the price leading up to the drilling announcement. Once drilling is announced we will see some big volatility introduced by day traders. But I would guess that buyers using ARP profits will buy and hold for the next shot at a big winner.

My personal plan is to take some profits when the runup happens to reduce my exposure. Who knows whether they have the goods. But one thing is for sure if they do hit anything economic in the phase one drilling it will excite the market considering how close it is to Veladero.
tnrvse.com

From their last NR re La Ortiga:

"The very encouraging results to date have prompted representatives from five major mining-and-exploration companies to visit the property, some as many as three times. They have concurred that La Ortiga demonstrates a high level of geological similarities to the Veladero deposit."

Current TRR market cap fully diluted ~$2.5 mil

Any opinions out there?

John