re: Ann: Statutory Approvals Received for Dri... Agree Merv, now is the time and I feel even if this first 10,000m drilling campaign is unsuccessful, the downside is not massive as the company is well backed by cash.
Success will see re-rating in the multiples no doubt because everyone in the resources sector knows about Degrussa and the stellar performance of SFR shares since they blew the top off that discovery.
Every man and his dog will want TLM stock if there is a sniff of anything similar on our ground.
On the negative side, $13 mill cash burn in two yrs is massive and there might be a perception that these blokes are leaking cash.
I'm optimistic.
Ann: Statutory Approvals Received for Drilling at, page-4
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Last
20.0¢ |
Change
0.010(5.26%) |
Mkt cap ! $37.66M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.0¢ | $40.21K | 205.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22700 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 2541 | 1 |
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