Looking great - got my attention today & I'm in.
The spike in November was on the back of the Tanzanian issue being sorted out & it has had the subsequent consolidation required.
Today IMO we are at the beginning of a large re-rate which should ensure it breaks a multi-year basing pattern (with the first trade at 0.008 being today or tomorrow).
At 0.006 the EV is 4m & it will begin to get on the radars of many given its nice leverage to Gold & being so cheap.
Finally, I like that we have the MD of Tawana Resources - TAW - (Mike Calderwood) on the board of directors. The success he had over there should attract investors / money to this cheap gold play.
The fact that they say in the ann "Review of other mineral opportunities ongoing" as a bullet point isn't going to hurt either as they have $10m in the bank which is an absolute war-chest at this end of the market!
Throwing a potential cobalt or lithium asset in to the mix is also a possibility as Mike had his success with lithium!
As part of my DD - I put together this research below for anyone interested
https://hotcopper.com.au/threads/sh...971308/page-184?post_id=30498514#.WmajXmcViJA
Looking great - got my attention today & I'm in. The spike in...
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Last
31.5¢ |
Change
0.005(1.61%) |
Mkt cap ! $259.2M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 32.0¢ | 31.5¢ | $190.1K | 602.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 543982 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 14803 | 1 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| TCG (ASX) Chart |