TAON.ob TAO MINERALS LTD (TAON.OB)
Just like some of our most successful other bounce plays, TAON has seen some recent highs followed by a high volume sell-off (showing that profit takes and panic sellers have artificially driven the price down).
We believe that TAON may be at a point where it is extremely oversold and is ready for a bounce.
TAON.ob is involved in the exploration and mining in some of the most desirable regions in Columbia. The International Finance Corporation (IFC), an investment branch of the World Bank has identified Colombia as a primary target for mining investment because of the potential for substantial economic impact from the mining sector. The Colombian government has been recognized as one of the best pro-business reformers globally in recent years by the World Bank and with the country gaining economic stability, new legislation provides foreign investors with a high degree of legal protection and security.
In the past six months TAON has undergone a complete reorganization. This was done to provide more attractive financing options as the company moves forward focused on development and production at its El Colmillo Gold project. Market conditions for financing have improved and specifically recent successes by companies such as Ventana Gold Corp. have improved the financing prospects for other mining companies in Colombia.
TAO Minerals Ltd. (TAON) is a exploration-stage company in the mineral resource business. The Company’s mineral resource properties consist of exploration claims located in Nevada (Whale Mine property) and in Columbia (Risaldo La Golondrina D14-082 mineral property located in Narino, Colombia). The Company concentrated its exploration efforts on the La Golondrina Property in Columbia over its fiscal year ended January 31, 2009. In July 2008, the Company acquired a mineral right in the El Colmillo property in Colombia. In October 2008, the Company decided to employ its efforts in exploration of the El Colmillo property and will hold exploration of the Golondrina property until a determination of viability at El Colmillo can be determined.
More information can be found online and more research is available @ http://www.taominerals.com/
http://finance.yahoo.com/q?s=taon.ob
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=taon&sid=0&o_symb=taon&freq=1&time=6
