what is management doing?, page-11

Magikol

I think you're on a stayer mate.....there's lots of little horses out there that have raced a few times and then been sent to the meat works.
THX is the one that happily keeps trying and will finally have its day in the sun....with the uranium and copper hopefully at least two BIG days, with quite a few places while working its way to the ultimate.
THX is quite a different beast than it was a few years ago.
Since the first strike of good grades of uranium back in 2008 at Thunderball, the company has slowly been working its way up.
During the GFC meltdown they were working hard putting the great ingredients together, of all those uranium tenements.
They were offered the Red Bore tenement and before that, picked up the Curara Well tenement when SFR hit pay-dirt at DeGrussa.
They've done deals with quite a number of other parties in putting together their great cornucopia of quality assets that have minerals in great demand today and for the next few years. A number of the owners have approached THX to look after their uranium assets, with THX getting 70-80% stake in the prospect.
Why do these companies do deals with THX...I think they have a good name.
I think our first recent place bet was Thunderball in 2009 when we got those high grades (20% etc)and the second place bet was the copper results at RedBore last year.
Those were exciting days.
This year I'm hoping on at least 5 good news items
1/ Red Bore ...the 2 anomalies
2/ Some early high grades on initial drilling at Curara...the first drilling I think will be may be putting a hole down in each of the 8 'star' targets...these may not be very deep but to gain more information on what they're dealing with....so mighten be until the 2nd round of drilling before we get another place bet...hopefully we hit the big-time...LOL
3/ Thunderball throws up some fantastic grades from the depths and at the sametime they fill in some of the spaces of the previous drilling to give a JORC of over 5m/lbs
4/ Allamber letting us see what all they have....hopefully lots more good grades of uranium and copper
5/ More high grades and enough of it to make another satellite station of uranium in one or two of the other prospects in Hayes Creek etc.
6/ Lastly, Ngalia Basin.
That little map of the area that they drilled last year, with all those beautiful deep purple colours on...which is going to keep them on target and not having to stab so much in the dark with their drilling, hopefully is going to give them what they have been patiently looking for...URANIUM with decent volumes of it and respectable grades to make it worth mining.
And when you have about a 100k's of this paleochannel going up through the tenement....the mind boggles.
Okay I'd be dreaming to think it went all the way in large quantities, but there's no reason why they can't find several decent size resources.They know the stuff is there, they just have to prove there's enough of it.
All I know it's not all going to happen tomorrow, but I do know the management want to find the stuff as much as we do.

Regards
Dabru