Gediminas Jasionis
0 Vote 0

Trueclaim Exploration, Inc. (CVE:TRM) (PINK:TRMNF) Starts Drawing Attention

by Gediminas Jasionis Oct 24, 2011
0 Comments
trm_chart.pngTrueclaim Exploration, Inc. (CVE:TRM) (PINK:TRMNF) was picked up by a stock promoter free of charge. The newsletter attempted to raise anticipation of the upcoming news.

TRM lost 4% on Friday but stayed in its trading channel nonetheless. The stock didn't have anything interesting about its price performance lately.

Still, the stock was picked up by OurHotStockPicks.com and analyzed in one of their newsletters. The providers didn't receive any compensation for this. Their reasoning for paying attention to Trueclaim was last month's operational update which apparently should lead to more news in the foreseeable future.

More than a month ago, on September 13, the company was granted a bulk sample permit, which allows them to test mineral content on the Tecumseh property. Trueclaim expected to remove a thousand tons of material to thoroughly test the property. Earlier exploration efforts revealed multiple quartz veins grading 4.2 g/t to 46.4 g/t of gold.

3trueclaim_logo.jpgThe announcement made by the end of September had put a stop to TRM price decline and kept the stock in a tight trading channel of 11 to 12 cents for most of October. This suggests that traders are eagerly waiting to see what the bulk sample will yield. There were no indications from Trueclaim on when the sampling would start, nor when to expect the results.

Comments (0)

Type the characters that you see in the box (5 characters).

This is a captcha-picture.