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.
TRH Price at posting:
15.0¢ Sentiment: None Disclosure: Held