That is exactly what microcap explorers are about, if they were...

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kipper57

6,295 Posts.

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21/10/23

13:51

Post #: 70463706
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Originally posted by SoWoEverLike: ↑

Can't see how Derek can ever kick a goal when the posts are frequently moved around according to the commodity flavour of the month.
Full circle back to gold now, with some sprinkles of Rare Earths to offer some linkage back to the existing "battery metal shortage" thematic.
Still feels like throwing darts to me....
A company with many options to pursue from nickel conductors to base metals, to manganese, to lithium, to gold and now rare earths.
They just don't seem to have any enthusiasm to pursue the costly but necessary exploration of these many targets in any significant way.
In the 4 years of holding this not very many drills have gone in.
It has behaved as a deal making P & D stock which likes to dress up the 'potential' interpreted from existing drill data sourced through new acquisitions / mergers without really furthering anything in a strategic or significant way - except for shareholder dilution.
Would be good to see TKM showing the industry some good intercepts which they have actually drilled themselves.
Perhaps I will add to my nano holding here if the drill program (if we get one) seems decent.
That will be months away - if ever, but, in the meantime they have positioned Trek to milk a possible bull run into gold just by marketing the 'potential' again.
Have a good weekend

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That is exactly what microcap explorers are about, if they were big like BHP etc they would just buyout a winner and progress from there.

In the meantime with limited funds they start by kicking a few rocks around and if they stub their toe on a nugget they move to a maiden drill. It is not known what is below, they can guess by surface samples or prior drilling history if there is any, If hit a full hand they then start to step out looking for more evidence or deeper. Their aim is to hit a major jackpot and move to producing / farm out / or a take over.

Thus they diversify with projects just like investors do in the markets hoping that one major win pays the dividends for the others.

Last edited by kipper57: 21/10/23

TKM Price at posting: 3.1¢ Sentiment: Buy Disclosure: Held
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