re: Ann: Notice of Annual General Meeting/Pro...
I had a quick telephone conversation with JLea yesterday and I thought he said TRH might keep the cash. That seems okay as Radar are raising money and TRH are only retaining 37% of the asset which is currently 100% owned. I will have to wait until I see the prospectus first.
TRH's 22 Million shares in Radar will be worth $4.5 million when Radar is 20 cents per share. Add TRH current cash of approx $4 million and TRH is probably trading close to cash Backing ie take it over soon and you get some potash for free. I think the Gulf of Mexico spill will be forgotten over time and drilling will be allowed when Food Prices Rocket.
I don't want to be taken over, I just want the drilling permits. The sell depth looks really suss ATM. Orders for 8000, 25000, 8000 and then 25000. Maybe some broking firm is trying to keep the price at 20 cents because of the IPO.
TRH Price at posting:
20.0¢ Sentiment: None Disclosure: Held