TAR 0.00% 0.7¢ taruga minerals limited

Ann: Strongly Supported Placement to raise $3.5 Million, page-239

  1. 4,643 Posts.
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    Another great post Dumaguete (even though its probably important now that you've made the point very succinctly that we all now focus on the future positives).

    I do agree that the December shares will be approved - for a start you know that 007 will be voting his shares - mates look after mates!

    OD6 really has opened my eyes to what TAR's ground is capable of, BUT unfortunately even if TAR got to a mkt cap of $100 million (which isn't hard to achieve) that translates to 14 cents (undiluted). So our upside has been capped by the cheap shares dilution.
    (An Olympic Dam though would push it up a lot higher - but you need to drill maybe 500 kms before you've delineated the deposit).

    And yes you're quite right - if you openly query why the 2.8 cents CR, you become a marked man . No way we can change that now as retail investors anyway.

    What's the latest cliche? It is what it is (but I don't think that'll be their response, it'll be something along the lines "in these hard times we need to make sure we have enough cash ahead of going into a major drilling program

    Never mind, I think we'll have the share price moving up soon enough.
 
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