TYX 0.00% 0.4¢ tyranna resources limited

Large Spodumene, page-37

  1. 4,976 Posts.
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    This company might have found a great asset, but I just sound a note of warning. I bought into this company because it had great assets, I got out because management sold the Eureka gold mine for under 1 million (the buyer onsold it a week latter). Management also sold the Jumbuck gold find for under 1 million before they were stopped by the ASX for selling the companies major asset to an "associated entity" without shareholder approval. Just be aware that a great company must have more than great assets.
    Other assets got unloaded for what I thought were either ridiculous prices or ridiculous timing ie selling the iron asset after the iron ore price had collapsed or letting the cobalt project's lease lapse.
 
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