It is not uncommon to see share prices not reflective of what a given stock is worth. I believe many investors in the junior resource sector have unrealistic expectations. Often times they get wind of a great play like TCR and we see the share price rise and when there is a slow down in the flow of news or a time lag the attention of these investors wanes.
Case in point "NOT.V" There are so many who have been chasing NOT.V and surrounding plays. Where does the cash come from to invest in NOT.V and others when the market is still in recovery mode? Either new money or recycled investments. I suggest many if not most portfolios focused on the juniors are still underwater from the August subprime insanity. That being said, I think some impatient investors sell stocks they have to chase the "stock du jour" which creates a buying opportunity for TCR investors who wish to add to their holdings.
That is one possible explanation vis a vis whats happening with the TCR share price currently.
October usually has a correction so the timing of all this is working against the grain. Patience is require and it will be rewarded. I expect a wake up soon that will begin to float the TSX.V once again. The NOT.V story has drawn a lot of attention to the juniors and that will have a positive effect going forward imo. It's all a matter of timing.
There was an excellent article from the recent ResourceWorld magazine titled "Surviving The August market Correction". if you havent seen it, it's well worth the read.
I strongly recommend ResourceWorld magazine to anyone who regularly invests in the junior resource sector. Lots of interesting articles and it's cheap.
GLTA,
QT