TYX 0.00% 0.4¢ tyranna resources limited

Ann: High Grade Drilling Results at Eureka, page-9

  1. 761 Posts.
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    There is no real trading going on. Its generally just small buys and sells here and there.


    The Eureka announcement was expected to be a catalyst for the SP but it ended up being very light on detail. TYX should have expanded on what it all means. How does this new gold impact the future stages of development.


    Will it hurry up the bigger picture Jumbuck gold development? If so, is that next year, 2 years, 5 years, 10 years away.

    How quickly is the JORC expected and if all is good, how quickly is the mining expected.


    A positive announcement isn't going to help the SP if it doesn't mean anything to anyone. How many times has TYX said its found more gold?......., so the rest of the announcement should be, and this is what finding that gold means.


    At the pace TYX operates I would not be surprised if others dump their shares like today. Sometimes its better to take the loss rather than suffer the stress.


    Cheers!

    Catweasle

 
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