TX3 0.00% 0.2¢ trinex minerals limited

Ann: Drilling Commences at Mount Hardy Copper-Zinc Project, page-29

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  1. 1,338 Posts.
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    What catalyst have you seen that would trigger an increase in SP?

    Have we had any real value added since TRT listed, other than a plan?

    In the meanwhile, TRT has continued burning cash, so the ever lowering SP is in direct correlation between lack of value being added, and continuing cash burn that any business suffers on a day to day basis.

    In addition to this, the SP is going down on $37 worth of trades (i.e. today only 457 shares traded at $37 total) - it costs me $20 to do a transaction, so anyone selling is either stupid, or is a broker themselves and can do low volume trades.

    Exploration companies are extremely boring 99% of the time. Then 0.05% of the time they're really exciting, and the other 0.95% they don't find anything and fail as a business. I hope we're in the 0.05% at some point in the next 3-5 years.
 
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