With 1.1 billion shares on issue it is hard to turn the corner on sentiment. It is time to accumulate and a time to reflect on how high this can go. When will the company be worth 50c or $550,000,000 market cap? If you work on basics of a company is worth 3 times its annual gross profit then TMR has to be earning just shy of $200,000,000 a year in PROFIT. When is it expected to be earning that? I would think it is a few years out and in teh meantime Hugh has no choice but to continue diluting the shareholding and raising capital to prove up the assets. This is no short term play any more, its the making of a company and I would suggest that the dilution and the many and varied other things going on are blinkering the market and hindering TMR from seeking a higher share value. There is still risk and the market believes the risk reward ratio is high therefore they are ignoring great announcements for what they are Great Announcements. When the money speaks so will the share value. Its not there yet so we are stuck trading low teens for some time yet.
TMR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
