Ann: Discovery Grows With Strong Cu-Au-PGM Results at Reef 1, page-9

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retrac

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12/11/24

12:11

Post #: 76562945
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Originally posted by Donniemac: ↑

Morning all,

Well that's a bit depressing to see such a sell off. My take on the results is they are just as was expected really. Not bad but not anything special. Many of the holes reported are close to the known reef structure so they aren't really expanding the resource by much either but I have no doubt that will come as the rest of the results come through. Thomas seems to think (judging by his commentary) that there is a higher grade source somewhere that they may uncover at some point. Seems like wishful thinking but who knows.

At 3c the chart is pretty oversold on most short timeframes, and there is a trend line that I think it will find support on. Wouldn't be surprised to see a OSB here but it's unlikely to recover significantly until we get more results.

I think this is just part of the process a stock needs to go through to get to a realistic JORC resource. Let's see. At least we know the big boys are still in for the ride at these pitiful volumes.

Cheers,

DMac

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Am I missing something here?

The announcement quotes that the width of the stratiform mineralisation has been increased by over 100m over a strike of 20Km in reef 1. That is a massive increase on the potential contained metal in this reef alone.

Market failing to see that this is potentially a massive deposit in Reef 1 alone that is stratiform and relatively uniform in nature. How far does the mineralisation extend in width over the huge strike length, that question is yet to be answered? And yet punters are selling!

TM1 Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.7¢		Change 0.001(1.52%)		Mkt cap ! $32.01M

Open	High	Low	Value	Volume
6.8¢	7.0¢	6.7¢	$40.87K	600.6K

Buyers (Bids)

No.	Vol.	Price($)
1	103	6.7¢

Sellers (Offers)

Price($)	Vol.	No.
6.9¢	137029	1

View Market Depth

No.	Vol.	Price($)
1	103	0.067
3	383339	0.066
2	208353	0.065
2	43500	0.064
3	80000	0.063

Price($)	Vol.	No.
0.069	137029	1
0.070	388727	4
0.071	250313	3
0.072	100000	1
0.075	244927	2

Last trade - 15.55pm 28/07/2025 (20 minute delay)

TM1 (ASX) Chart

Ann: Discovery Grows With Strong Cu-Au-PGM Results at Reef 1, page-9

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Ann: Discovery Grows With Strong Cu-Au-PGM Results at Reef 1, page-9

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