TRO - TriAusMin Limited

[YOUNG_TRADER]

Re: TRO - Tri Origin Minerals

Probably because its the intraday high - there was a similar quantity being sold at .91 yesterday (yesterdays intraday high if i recall correctly)

Actually that order was up at 9.30am, its what caused all the other sell orders to pile on pre 10am below 85c, its what IMO caused the slump to 70c,

Not sure about your theory Stoxclimber, but one thing to notice is if the order is forced through today, ie if say at close its not going to get out at 85c, will the order drop to exit?


Anyway I'll remind everyone again $70m mkt cap vs $7Billion large high grade Zinc Resource!

And oh yeah, zinc stock levels are dropping everyday!

 

[ALFguy]

Re: TRO - Tri Origin Minerals

Hi YT, I'm with you on this one.
Def capped today and needed a breather.

Not much left on the sell side now. Tomorrow will be interesting.

Holding holding holding

 

[stoxclimber]

Re: TRO - Tri Origin Minerals

Thanks for that YT, didnt know.


Well, closing auction was a bit of a nonevent - only 2000 shares changing hands (although at a 4c higher price, so it makes our portfolios look better ).

Not so sure I agree with you ALFguy - we still have a couple large sell orders in the market at the moment and of course, many big holders aren't going to leave their orders on SEATS..

If we can move this 160K cap on the share price then the share should move up a bit - at least it will be prone to the day volatility that we have grown to love =).

I'm holding for now but I don't want to be a long-term holder.

 

[JoshyJ]

Re: TRO - Tri Origin Minerals

It was certainly capped, i said it at 11 on another forum and i still stand by it. But i believe 85 will get chomped tommorrow either that or the sellers will disappear.

 

[dj_420]

Re: TRO - Tri Origin Minerals

Candlestick charts showing todays trading as a hammer with long lower shadow. this can be a bearish indicator in an uptrend, confirmation needed. this is a signal that sellers were willing to unload well under days high and resisted pushing past previous days close.

but could pose as a buying opportunity if we see a pull back. we will have to wait and see what tomorrows trading brings.

 

[YOUNG_TRADER]

Re: TRO - Tri Origin Minerals

85c cleared now to clear all time high of 91c and then back on too blue sky's

 

[stoxclimber]

Re: TRO - Tri Origin Minerals

Here we go!

YT, did the big sellers sell today, or withdraw their offers?

 

[YOUNG_TRADER]

Re: TRO - Tri Origin Minerals

The sellers were taken out with ease,

We haven't even seen a proper froth on this stock yet,
That will come when a valutaion report or a media article comes out comparing this to CDU

$7billion resource vs $80m mkt cap

 

[ALFguy]

Re: TRO - Tri Origin Minerals

We haven't even seen a proper froth on this stock yet

?? froth ??

Would that be when buyers and sellers pour in at the same time?

 

[nizar]

Re: TRO - Tri Origin Minerals

?? froth ??

Would that be when buyers and sellers pour in at the same time?

No - thats when the stock goes absolutely ballistic!

 

[dj_420]

Re: TRO - Tri Origin Minerals

i thought we might see some form of retracement due to candlesticks, oh well i suppose that is why they are called indicators.

i would like to be in on this one but am not going to chase a price. a lot of people got badly burned on CDU so i dont think we will see such a crazy increase but there is blue sky ahead definately.

good luck to holders.

 

[stoxclimber]

Re: TRO - Tri Origin Minerals

Here we go guys! 99c with only 60K shares in total on market depth sell side - someone just took about 100K!


dj_420, I think one of the problems with the technical indicators might be that TRO is such a small stock so the price movements aren't necessarily a good indicator - e.g., yesterday TRO went from 80c just before close to 84c at close because someone bought 2000 shares - hardly a big funds outlay.

 

[JoshyJ]

Re: TRO - Tri Origin Minerals

So lets estimate how long it will take to hit $5.

 

[stoxclimber]

Re: TRO - Tri Origin Minerals

Closed at 1.01 with almost no sellers. Although I wonder if long term holders of TRO will come out of the woodwork over the weekend and put sell orders in...

 

[Beethoven]

Re: TRO - Tri Origin Minerals

watch it soar.... hey dj jump on the ride. If you like JML you might want to like this one as well. Comparing this one with JML. Well just look at the market capitals of each.

 

[YOUNG_TRADER]

Re: TRO origin minerals

Undervalued? You better believe it!

I like this stock (I didn't hesitate to buy) for 4 reasons


1. The in ground value of the resource is some $7 Billion Dollars vs mkt cap of $40m

2. The resource is Copper Zinc Gold Lead and Silver so very diversified deposit
10.1Mt@ 1.8%Cu + 4%Pb + 10.2%Zn + 0.55g/t Au + 85g/t Ag

3. The company was floated and backed by Barry Dawes of Martin Place Securities (other companies hes helped include CDU SMM UXA CMR)

4. Refer to pints 1-3 (At current levels very attractive Takeover target for the likes of PEM/KZL/ZFX/CBH/JML)

That was this time last week just after I jumped on at 50c,

Well we're now 1 week later and 100% up, but Mkt Cap is still $85m vs $7Billion Resource!

An article in the Fin Review soon would be nice

 

[giss]

Re: TRO - Tri Origin Minerals

i've just joined the site & been watching the comments on tro. I picked up some stock (20k). Thanks for the tip. It seems to be a winner! do you think monday will be up or down. 20% increase in one day seems difficult to repeat

 

[CanOz]

Re: TRO origin minerals

That was this time last week just after I jumped on at 50c,

Well we're now 1 week later and 100% up, but Mkt Cap is still $85m vs $7Billion Resource!

An article in the Fin Review soon would be nice

This has more gaps than i've ever seen on a daily chart. It seems allot of buyers in really fast...i think i'd like to see a pullback before i commit.

Whats the estimate on the Zinc component of the resource in $...?

Cheers,

 

[Caliente]

Re: TRO origin minerals

This has more gaps than i've ever seen on a daily chart. It seems allot of buyers in really fast...i think i'd like to see a pullback before i commit.

Whats the estimate on the Zinc component of the resource in $...?

agreed... I'm excited about this stock as a great mid-long term zinc hold, but right now its very heated.

 

[ALFguy]

Re: TRO - Tri Origin Minerals

It's started has it?

Being ramped to high heaven on HC, which is just going to fuel interest - especially with all the comparisons going around with CDU.

There's bound to be the odd 'odd ball' down ramping it to instill some fear and hopefully get it cheap. Just wish they wouldn't bring it here

ASF is one of the better forums around and I like that most posters have something informative to say, and there's a lot less ramping.

Looking forward to watching TRO this week. No doubt will rise on Monday (Parent company TOE, in Canada, rose 15% on Friday) but possible pull backs during the week.

Urrmmm, think Joe just deleted the posts so the above probably doesn't make much sense