Recent Activity on TUO
Many junior golds are down. Not unexpectedly the months of may and June are typically sell months. This year has proven to be no exception, however I believe the recent bargain prices are just that BARGAINS! If you look at the price of Gold it commonly has a seasonality about it also trending down in the early summer months. this year it is holding strong at near all time highs. This tells the savy investor that the junior golds are indeed undervalued. Money is flowing into both the American dollar and Gold. The smart money is looking for a place to earn a decent return over the next 2 to 5 years and that place is indeed Gold! I urge you to rethink selling your juniors and instead take a look at the ones you bought over the last 3 to 4 months and consider why you bought them then. Has anything changed other than the price? You can now pick up a decent position, probably for less then you paid then.
There wont be too many more opportunities like this one where the underlying forces are driving prices of gold higher and retail investors are selling juniors into a weak market.
Teuton is about to complete on a capital raise of 2 million shares. It is well subscribed and it was not hard to find willing buyers. The market price has been subdued due to buying in the placement and not in the public market. As the placement closes the market will rebound and after that the beginning of the exploration season will push the prices much much higher. TUO has a stable of properties it will be working on both as sole operator and as a JV partner with several other junior explorers.
The last time the Golden Triangle heated up TUO was in the forefront of all juniors with a commanding land position. This time around Dino has consolidated and expended landholdings in the most prospective regions.
The chart above shows two peaks of 2.25 and 2.85, im betting the highs this year will surpass both. From .35 cents $2.25 looks awful good
I continue to buy TUO and have added shares in the recent placement. I expect TUO to out preform the market and be at the forefront of a big move in the juniors on the months to come!
Caliche Bahada
