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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.

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Message: Recent trend reversal - What's up?

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questrader

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Recent trend reversal - What's up?

posted on Oct 31, 07 04:11AM

Recently we've reversed the trend...hitting a small amount of shares at 0.28 at one point...now @ 0.33 for two days in a row and looking to open strong @ 0.33 again.

The sellers seem to be gone...the greater % of shares are taking out the ask. If I had more $ to put in this one I would because something is going down here and I have a feeling a news release is in the making. Maybe it is the new property or maybe it's something exciting about RedBird...or maybe Sprott is increasing their position :P.

Either way rumors are going around and the SP is acting positively for the time being...

Does anyone know what's up? Is this mroe then a market shift from some of the golds to moly? Or perhaps moly is benefiting from uranium turning around?

-questrader

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