Last week, traders have seen several news reports coming from Trueclaim Exploration, Inc. (CVE:TRM) (PINK:TRMNF), along with promotional attempts that tried to make use of the situation. None of the public material had impact on the share price though.
The stock price lost 8% yesterday and the overall performance shows it is ignoring the promotional surroundings. The company continues to be featured in newsletters published by Ourhotstockpicks.com.
The publisher didn’t get any compensation for the promoting efforts. Stock price didn’t move much either, nor there was a significant increase in trading activity. The attempt to promote TRM was an open hearted attempt to manipulate a gold related stock and it obviously failed with this one.
The newsletters mostly concentrate on rising gold prices, forcing the relation between newly discovered gold zones from TRMNF. The company’s property in North Zone had some production, but the company is not ready to go large scale and it’s all about the potential. The company had a lot of news over the past two weeks, and even had their stock halted due to the flow of news.
On August 12, 2011 Trueclaim entered into a geological services agreement with Bryn Resources Inc to provide preliminary property assessment. This includes:
• Evaluating the resource potential of Bryn mineral claims;
• Preparation of preliminary assessments;
• Review of available geological data;
• Overview of regional properties
• Recommendation for exploration programs and budget to complete a NI43-101 compliant report.
On August 16, 2011, the company also signed option agreement on gold prospects in three townships in Quebec. The agreement made with Frank Tagliamonte allows the company to acquire two groups of mineral claims, subject to net smelter’s return and fixed annual fees.
