3 replies to “FCM & $TMRC Business Update”

  1. Hi Tom,

    Any particular reason you’re not holding for your $5 price target?

    Thanks in advance, and everything of the best for this Christmas season.

    Cheers,
    b

    1. Hi, Brett,

      I think of it this way: you buy a 50 dollar stock and it moves to 400 and you’ve got a 700% return. Trading penny stocks is relative and if one has enough shares at a cheap price, a return of 700% should be just as fruitful as the investment in the high-priced stocked. In the case of TMRC, the rapid rise in shares exceeded our near-term expectations and consequently we ejected to book the profit.

      Could TMRC double from here with a special announcement from the U.S. Army? It certainly could. That trade, however, belongs to someone else.

      Has the fundamental picture for TMRC changed? I don’t believe so.

      Finally, we think hefty cash reserves will be of paramount importance in the weeks, months and years ahead.

      Have a Happy New Year, Brett.

      Tom

      1. Hi Tom,

        Thanks for your thoughtful and reasoned response. As always, I appreciate your views and admire your work.

        All the best for 2020.

        Cheers,
        b

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