TMT 0.00% 26.0¢ technology metals australia limited

Having held AVL for a long time, (and TMT for a rather short...

  1. 1,618 Posts.
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    Having held AVL for a long time, (and TMT for a rather short time), I know a lot of AVL holders have been unhappy with the slow progress in developing their Vanadium resource... A JORC is one thing, but from experience in that stock, it can sit there for years without anything happening which adds value for holders...

    I mention the comparison in a positive for TMT, in that if they can (or at least be seen to) be developing this resource in a more meaningful way than AVL, then it can set itself as the main Vanadium play in Australia in regards to pushing towards mining, and investors will see the return at the end of the tunnel...

    Spec mining is a different game than a year ago...
    Drilling (pending assays) can still get people to jump in board with anticipation, but interest is low after that,,, and companies need to be really seen to be pushing to develop as soon as possible..

    Just proving you have a big resource doesn't seem to keep people excited for long... or in yesterdays case, no excitement at all..
 
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Currently unlisted public company.

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