re: Ann: Announcement of Consolidation and Fu...
Well, I agree with you. I think there is a future for Torian.
Put it this way: if a group of sophisticated investors is willing to put up $250,000 as an initial investment then that's good enough for me.
The other reason I bought TNR today is because at .001c they are at the lowest possible price so can't go any lower. That put a floor under the share price for me and means it's (over time):
1. the share price stays same (that's the gamble but I think one worth taking at such a rock bottom price)
2. The company disappears from the register (possible but, to me extremely unlikely, unless nothing of value is found on any of their tenements here or overseas).
3. The share price goes up. (to me, this is the most likely outcome).
With regards to the consolidation. I'm sure Peter Ashcroft knows the pros and cons better than we do. If he thinks it would be an advantage to consolidate I'm sure he has his reasons and will offer a persuasive argument for it at the agm. At this stage I'm keeping an open mind.
Cheers.
TNR Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)