Which spells opportunity to me.

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RM8

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16/11/23

10:57

Post #: 70934276
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Originally posted by WhatsTheTip: ↑

Agreed there's something there, however if you start assuming a decent sized chance of an ESS size deposit worth over $100m then you need to drop the percentages around there being something really big even further.

So far TG6's approach has been undertake the work, get the lab results and release the results. That's been the pattern for Nickel, lithium soils and drill results. There's nothing wrong with that approach but it isn't aligning to what a number of other lithium explorers are doing. There hasn't been any "we intersected this length of unknown grade pegmatite". This differs from a number of other lithium play's where the approach is undertake the work, note to the market what length of pegmatite material is going to the lab, get the lab results and put out an announcement which in many cases narrows down the length of the mineralised pegmatite intersected. Delta, LPM and others have gone with this multi-release news approach.

The difficulty TG6 will have for perhaps the next week is punters observing and investing in other lithium stocks will read the absence of DD core / pegmatite intersection widths as a distinct ASX announcement as evidence that phase 2 drilling results are poor. Believing a poor result is coming out, they lock in profits and sell (or possibly even take a loss having bought in above $1) putting pressure on the share price.

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Which spells opportunity to me.

TG6 Price at posting: 86.0¢ Sentiment: Buy Disclosure: Held
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