Thanks Barnsty. I know it was not me that told you to toss it. Can charts predict TRH not drilling a hole in 2010, Ex Director dumping a stock in June and the European crisis or double dip concerns? They probably can detect the second two events but it is often too late once news filters through to the market.
Anyway, the market seems overheated with EQX (Not yet drilled a hole) valued at over $300 million. TRH Enterprise value under $10 million (My Calculations) post thermal coal acquisition so you would think it has a chance to grow.
What charts can not tell;
1) Is this Colombian Coal Project approved 2) When are they planning to drill thermal coal 3) What is happening with the Potash (Announcement in less than 16 days as Dec Quarterly is due)
Thanks for your opinion and chart. Keep them coming and I hope you are wrong.
TRH Price at posting:
35.0¢ Sentiment: None Disclosure: Held