Re: New tre news...................
in response to
by
posted on
Nov 22, 2010 11:06AM
Edit this title from the Fast Facts Section
Regardless of the good news, it does not seem that TRE could catch a bid if it were the only stock on the planet.
There has to be an explanation. Here is one. There have been millions of shares added to the general pool for all the capital raised and knowing how these market makers think they are factoring in the dilution now and forcing the price of the stock to fall.
Even though the private placement stocks may not be in citculation, the market makers want the price to be at the safest lowest price. Of course this only benefits them when they let the price go up. It was exactly the same circus when the stock was at 2.
This price action simply does not make sense. When TRE was at 9 gold was at 700. Now TRE is going down and stands a 6.69 and gold stands at 1350. If anything TRE should be close to 18 since that is double the $700 when TRE was at 9.
I realize it takes time to build a mine but this is ridiculous. Something is very wrong here. It would appear that TRE is gong back down to 6 and therefore would be down by 33% of its high. With gold at 1350, you simply cannot argue this is the refelction of a healthy stockl.