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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: So where are we heading?

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So where are we heading?

posted on Nov 21, 07 03:17AM

Considering all this talk on this forum...

Where are we heading?

Management hasn't gotten back to us (either they are busy or just as worried as us), there are concerns over the production time frame and the ability to even get to production because of the national park ajacent to Torch, moly prices look like they will be strong in 2008 - one good thing, TCM is having landslides raising a concern for us, SP is falling (now close to 20% lower than where Dr. P last bought his 50k shares)...

Once we get into December and tax loss selling is over...will this rebound? I do feel there are people tax-loss selling this thing right now. No other reason they would sell shares before 0.30.

I bought a couple thousand more shares @ 0.26...but honestly I didn't expect 60,000 shares to trade that low.

Where is SRPOTT and Pinetree! Do they not think this is a low SP?

Are we headed lower...or is this only a blimp and we'll climb above 0.30 and higher in December?

Any responses are appreciated.

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