Welcome to the Torch River Resource Hub on AGORACOM

Torch River Resources has a 25% interest in an advanced molybdenum property, Red Bird. Reserves have been classified by Giroux Consultants Ltd as 88.21 million tonnes indicated and 63.39 million tonnes inferred.

Free
Message: Nahmint

Re: Nahmint

in response to by
posted on Jun 18, 2009 08:50AM

Yes good point, I'm pretty certain it was Sprott who unloaded, what I meant by weak hands is I would sooner have an institution holding those seven+ million shares than the average joe who bought them at .02 or whatever and would be sorely tempted to sell at .05 or whatever. I think it will be hard to gain ground with the selling pressure. That being said, it would be nice to have an update on Nahmint and what their plans are for financing a drill program, or if trenching is in progress or soon will be. I understand there is road access to the property but I'm not certain in what state the roads are in or if they could handle equipment needed for work programs. Money is definitely an issue at the moment to advance the property and at the current share price we all know the dilution involved with financing.

Share
New Message
Please login to post a reply