Wealth888 you got it in one. Mt Hardy was looking like a commercial prospect back in 2012/13 but TNG were probably hoping to develop it and create a base to fund Mt Peake. The commodity downturn shafted the plan and it was shelved.
Results of enitial drilling are due and rigs are now on main targets so it certainly isn't exit time at this price unless a holder had other pressures.
I'm a NZ investor and was told by my broker on Friday 28 April that the in specie issue had just finally been recorded against my account ( talk about time lag) and was considered a taxable activity at 33%. I thought I'd avoided that issue. I won't be alone with that news so that might create an imbalance in sell pressure.
Let's see what tomorrow brings.
TRT Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
