LRV and Tmg are simply not comparable
LRV is in orphan stage, where typically the sp is lower than discovery share price brought about by euphoria, the orphan stage of LRV is exacerbated by mismanagement in many angles from funding, cheap cr’s and incompetence
Tmg is comparable to a discovery phase in the lassonde curve albeit closer to development - but has to convert the resource to comply with jorc as a first step. LRV is firmly stuck in orphan stage and the production delay now to mid 2026 plus not single dollar of the $139m capex has not been raised.
these are simply not comparable
But as of now I would put my money on Tmg rather than LRV unless LRV management is changed and the directors addicted to pleasing the brokers are removed.
But if Tmg is mishandled it will suffer the same fate as LRV. for example if Tmg raises capital at very low price, this could be stuck to low valuation for a long time. But if the sentiment is sustained and management plays the market well, and performs well (jorc, met tests, engagement with US market and govt, and supportive community), Tmg could be looking at getting the attention that PPTA is enjoying as far as market appeal
TMG Price at posting:
9.3¢ Sentiment: None Disclosure: Held
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