Why did TGM only pay $900,000 while RML paid $10 million for what you mentioned is an inferior property? Does that raise any red flags for you — like potential unknown factors we’re not seeing? Or is it simply that TGM’s directors were sharp and scored a bargain, while RML massively overpaid? These are definitely things we need to consider when making investment decisions. Plus, this is a resale of an asset previously held by another ASX-listed company, EVR — and they only bought it a couple of months ago. For me, that’s a major red flag. Worth noting, EVR has just acquired another antimony project in the U.S., which raises even more questions about why they were so quick to offload this one.
TMG Price at posting:
8.2¢ Sentiment: None Disclosure: Not Held
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