"We became more familiar with Trueclaim as a result of our extensive due diligence on Currie Rose Resources (CUI, TSX-V) which continues to look very strong. About a year ago, in order to focus strictly on its highly prospective Tanzanian properties, Currie Rose optioned its Scadding Gold Property near Sudbury to Trueclaim which has also built up a nice land package around Scadding. Trueclaim has been very detailed and diligent in its exploration work there and a major drill program started last month.
Volume has picked up in Trueclaim the last few days (it’s quiet today because of Remembrance Day) and a reversal in the stock’s 200-day moving average appears to be close at hand. The 100-day reversed to the upside in late September and currently sits at almost 13.5 cents, just a fraction below the 200-day SMA. As of 10 am Pacific time, TRM is trading at 17 cents, down half a penny, giving it a market cap of just over $8 million. John takes a detailed look at the Trueclaim chart below based on yesterday’s closing numbers:"
http://www.bullmarketrun.com/?p=3878 for Jon's chart and discussion.
