TRH 0.00% 83.0¢ transit holdings limited

Ann: Transit Iron Ore Strategy , page-5

  1. 4,652 Posts.
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    100% Correct rexsh. How many times do you see that in an ASX announcement? Never.

    However, how many times have you seen a companies share price increase and a capital raising take place shortly after. I think OBL is a recent example.

    Interesting scenario though. They have proven magnetite drilling results that could potentially attract investors. It has fallen from $.605 over the last year so plenty of potential upside. I wonder what kind of drilling program $4.6 million could afford, that being TRH's current cash balance (June 30)

    I am here for the Potash. They are supposed to be finished 2d Seismic activities by the end of August and submit intent to drill by end of September. Fingers Crossed.
 
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