Sorry but a lot of the yoyo was due to me, I've sold close to a million shares in TMX recently and will sell my last million over the next few weeks. I will make a small profit at the current price of around 9 cents.
I am selling because I doubt the commerciality of TMX's gold at Bundarra. It is a low grade envelope around an open pit with better values below the open pit. Keith is an able an astute geologist hence the need for a commercial assessment on the viablity of Bundarrra. My guess is that is that the final results will keep Keith in a job but there will be no return to shareholders.
There was a recent post that says the market is ignoring 340,000 oz of gold. Well done, but is it economic? The Chinese guys bought in on the strength of this but I think they will be disallusioned.
Keith's nickel play is great. Its the only reason why I might keep a few shares. Good inovative thinking, but only 5 targets is not a good omen.
Anway. come what may, I'm a seller.
TMX Price at posting:
7.8¢ Sentiment: Sell Disclosure: Held
