The positives about THR is that have few shares on offer and technically could bounce from a $2.2m market cap, however, the risk of a large rights issue is apparent as thei cash position is abysmal. I also believe their gold prospects to have potential due to their Tropicana location. BDR's handpump results at West Musgrave are some type of possible comparison. They also could be a smokescreen for a much larger future acquisition and I'm watching for enlarged holders via the many possible ways of rewarding long termers etc. It's a likely entity that could be used for others to backdoor a private company in.
THR Price at posting:
1.8¢ Sentiment: None Disclosure: Not Held
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