Yep, totally agree Lager.
And for now Mr Market also agrees, it's IMO all about expectations. Based on the current Market Cap, the cash Taruga has and the following statement from the last announcement Taruga is a stock to hold on to in the coming months....
“We are maintaining our aggressive exploration program and expecting initial assay results from the recently completed RC drilling in early March and will undertake follow-up RC drilling leading to an a maiden resource by mid-2013.”
Although Taruga spends quiet some cash I don't see any reason for a cr in the short term. And if a next announcement places Taruga in the spotlight of investors, we can expect a big rerate. The best returns can be made in unknown and unloved stocks, it's all about the Risk versus Reward ratio. IMO Taruga is a great play for the coming months..
Cheers Conrad
TAR ... 1/10th the price of WAF, page-6
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Last
0.8¢ |
Change
-0.001(6.25%) |
Mkt cap ! $5.648M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.8¢ | $5.578K | 703.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 11428385 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 2111111 | 2 |
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| Last trade - 14.49pm 27/08/2024 (20 minute delay) ? |
| TAR (ASX) Chart |