I asked you for specific examples of microcap ASX explorers with minimal chance of future dilution, good territory and a history of past success & capital return. I am awaiting your answer.
Quite simply, microcap gems like TLM don't happen often. If I'm wrong, please correct me & hit us with non-dilutionary situations where there's no tin-rattling and outright dishonesty by directors.
I agree, TLM could speed things up. But, in their defence, they have 7000 sq km of territory to cover. That's a huge amount of ground.
In the last year or so, TLM has discovered Durnings, which has good potential to be mined someday. Rip n Tear is another (albeit low grade) massive discovery that's interesting but likely to be sold off. More work needs to be done on both of these. That's not going to happen in a week or a month. And drilling isn't cheap.
Harmanis' Jubilee Mining went from a microcap to a multibillion cap stock. My memory fails me but from barely 20c to $20? It didn't happen in a year, it took time.
Again Neptune, please share some microcap situations that are superior to TLM. Looking forward to seeing some specific names.
TLM Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)