LTR, with a 15% increase in SP, has just added $120M to its market cap today. In another word, its one day gain is more than enough to take over TSO at the current Market cap of $110M. Those who sold their shares at 20c today must be really happy to accept this kind of offer as they would have another $10M extra to divide between themselves Now, let's have a look at LTR's announcement today, I have to say that it is a solid annoucement but either it was overpriced or TSO is insanely cheap at this level!
Previously, LTR did 120 AC drills for Moora, with best intercept of 12m @ 1.4g/t or 16.8g/m. However, many of those 120 holes had insignificant assays (NSA), with 140 more AC holes waiting for assays. The annoucement today is about the first 3 RC holes.2 of which had insignificant assays, only one hole had an intercept of 44m @ 1.6g/t or 70g/m.
Now please tell me, basing on the drill results, do you really think that Moora worth more than this asset?
- 85 diamond holes. ALL hit GOLD! Not a single miss!
- 15 holes out of 85 had grade of over 100g/m.
- High grade core with average grade of >2.5g/t. Mineralization starts from 5m.
- Ternera gold mineralised zone nowconfirmed by drilling over 950m of strike, 450m wide to over 400m depth and remains open in all directions.
- Mineralised surface expression is1,500m of strike, up to 600m wide and remains open in all directions.
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Last
2.9¢ |
Change
-0.001(3.33%) |
Mkt cap ! $35.65M |
Open | High | Low | Value | Volume |
3.1¢ | 3.1¢ | 2.9¢ | $40.57K | 1.358M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 384641 | 2.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 61313 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 384641 | 0.029 |
4 | 245537 | 0.028 |
2 | 400000 | 0.027 |
1 | 1000000 | 0.026 |
2 | 113000 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 61313 | 1 |
0.032 | 70000 | 1 |
0.033 | 686214 | 3 |
0.034 | 42105 | 1 |
0.035 | 2020000 | 2 |
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