TMT 0.00% 26.0¢ technology metals australia limited

Ann: Massive Magnetite Zone Intersected on every Traverse, page-79

  1. 2,454 Posts.
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    I wouldn't worry about your buy-in price. Punters will be nervous until drill results and sell. Most punters buy thinking, it would rally on good looking geology. The same thing happened with MRQ...and a bunch of other stocks. Market not convinced, as we are in a commodities bear market. The drill results need to be exceptional for this to run higher.

    You hear the same thing from spruikers all over hotcopper, trying to look at all the positives and ignoring any negatives. The same spruikers see no negatives from the last annoucement and believe share price to run into the drill results, which won't happen.

    TMT also doesn't have 3.6 million in the bank. It just spent a lot of coin drilling this project. This is a vandadium play and not a shell.

    TMT is a patience game. Positive results could easily turn this around. The question is whether punters care about vanadium. If this doesn't break 23 cents on + drill results, something wrong. That level needs to break for this to run. Punters will only buy some stock if they see the share price run higher.
 
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