Significance of name change
posted on
Feb 04, 2011 05:24PM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
At the risk of repeating the obvious and posts that I have not read, I will make the following comments.
The name change signifies a definite focus on Gold mining. This news report in itself will alert many new eyes to TDC. The results have been measured by the share price. The psychology of this move was brilliant and follows the successful Private Placement and the addition of new high profile investors. What is needed is another positive follow-up release that indicates the direction TDC is headed. I would have thought that we would have seen a higher price long before now due to the POG. This latest development and other recent news releases may be the needed catalyst that we have all dreamed about. The only negative would be that the mkt may expect a continuing stream of positive releases for the interest to remain.
I have recently recommended TDC to some PM investors who were not familiar with the company. No idea whether they acted on it as they were tourists from all over and I will likely never see them again.
If the next drill results show a much larger resource base TDC will definitely be on the radar of the larger producers. They may be starting the accumulation phase now as a precurser to some JV. I do not have those answers and I am only speculating. All that I know for sure is that the majors will have significant cash moving forward at $1300+ gold but a depleting resource base. The M&A phase is upon us!
Woodstock