TTY 0.00% 49.5¢ territory resources limited

exarro next move, page-10

  1. 3,062 Posts.
    it might just be for simple profit,they are active miners engaged for profit ,the returns are probably pretty good and they are already holders so their average cost for total control is relatively low,afterall is said and done they only pay for the shares they dont hold any trade now will reflect the battle for control on the margin,the small holders are just cheap holding funds no real int. to pay while the battle plays out ,over how long.

    i often wonder about small resource companys when you have the likes of fmg rio and the big fella all with huge reserves and infrastructue,tty has relatively cheap transport to port and shipping costs a big plus,so i think the players have done the numbers---i previously traded tty and currently reviewing one thats on the way to production,with all the gloom and doom in the media its reassuring to see a grab for little tty,if there is a downturn tty will still be selling but the projects that are not up and running might end up shelved,that the way i see the tty play
 
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Currently unlisted public company.

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