TYX 25.0% 0.5¢ tyranna resources limited

Ann: High-Grade Assays from Namibe Lithium Project, page-57

  1. 4,992 Posts.
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    Just a note of caution here. Let's look at the story. TYX was a gold company, it owned the Jumbuck prospect and the Eureka mine. It sells Jumbuck and Eureka for under $1 million each. (my estimation is that together they were worth 6-8 million) It then focuses on Nickel. Out of the blue it buys a fabulous tenement in Angola with Lithium during a lithium boom. Hey Ive heard this story before remember when they bought the Cobalt prospect out of the blue remember how in the end they just let the lease lapse.
    My questions are is it really a fabulous lithium prospect and if it is have they already lined someone up to buy it after TYX has poured money down the drain.
    Good luck to the long term holders this might give you an opportunity to hit the exit.
 
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