Tinka is a company I have followed for a long time. It has had a good management, tight share structure, yet a string of bad luck with prospective properties showing poor drill results, until yesterday.
On Wednesday, Tinka hit 10m grading 625 g/t Silver and 28m grading 105 g/t Silver in their Peruvian property.
http://biz.yahoo.com/cnw/070828/tinka_colquipucro.html?.v=1
Volume increased but was met with sellers in this dull summer market. Weak hands are being shaken out. Once breaking through 40 cents, we should see TK test 60 cents. With just 22 million shares, TK is a very reasonable speculation at 40cents.
Company Contact Info: http://www.tinkaresources.com/
Presentation link: http://www.tinkaresources.com/projects.shtml
|