It's worth a punt. I'm tempted to punch another couple of million shares in just for the gamble. The Fleurieu portfolio is definitely attractive, but I'd really be looking for the company to provide some confidence that they can actually do this kind of work. Mount Barrett proved they can, but they need to go above and beyond now to re-invent themselves. Changing the name of the company (again) hasn't gotten rid of the bad press. The company needs to knuckle down and stick it's heels in and stick with this move, unlike the endeavors in the last 12 months with MaxxZone etc.
By the looks of things, Kevin works for Terramin Australia (TZN) - some interesting posts on there including this doozy:
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you want to know the reason Moriarty was selling shares I shot him an email and this is what he said
I have tried to place some shares to fund my new company but couldn't so sold some on market but not so as to depress price. The price has dropped anyway with over 11 million shares sold in past two months, so I am certainly not responsible for the price drop. I would think the responsibility lies in lack of confidence in the policies and leadership of Terramin.
I am a large shareholder who sold nothing for 12 years so i am very interested in trying to get some value back into Terramin. I cant sell any volume as no one wants to buy in any quantity. But all this negative comment does not encourage me to have confidence in any positive result from Nic's leadership.
My next ventures get underway, starting next week! I have large Chinese backers for new resource projects.
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Interestingly enough, they mention that he is also the chairman of ORO...
So many conflicting interests here, I'm hoping he can deliver the goods.
NUW Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held
