Taruga turned down a JV with IGO who are well known for really looking after their partners and they have a fat wallet which wouldn't have seen the share price get to this and, who knows, maybe even lower levels as they get forced to raise at silly prices.
Still like their land package though, and they have had a hard time getting heritage permission to drill. Nothing seems to be happening recently except average results. I have heard that it takes 6 companies to find a deposit sometimes. Drilling and exploration is a very expensive business and little juniors like TAR are a drill result away from success or being broke again.
Maybe they can kiss and make up with IGO?
Taruga turned down a JV with IGO who are well known for really...
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