Why all the negative posts, page-5

What more info can they put out?

The announcements are all up todate on the results of previous drilling. They have announced they are going to drill Crown Prince as soon as its approved, they have announced they are going to close drill Lydia to now prove up a JORC resource. The results to date are very very promising.

Bill coming out of the left field was a surprise, but shareholders must realise when the original deal was done Bill couldn't pay his costs for the court action, so he watered down to 10%. The pre-empt rights were for the benefit of both parties, ie if Bill wanted to sell his 10% THX had the right to buy. THX underestimated his wealth. The royalties he is getting from Mt Marion (NMT) Lithium mine is substantial and obviously funding this exploration program. If he gets lucky, so does THX, if he fails THX still hold 90%.

So what's the problem? It's an exploration company, proving up a gold mine, results todate in my mind at this stage of exploration are more than promising. Go back through other gold companies that have proven up a mine, I am sure you will find that THX are more than equal at this stage of exploration.

Life's a gamble, small exploration companies are a gamble. Take a punt or cash in. Don't forget to sell your rights before though and get some reward.