Australia's largest stock trading and investment forum Australia's #1 stock forum

TX3

Click for more information

16.7%

0.4¢ trinex minerals limited

Yep, sure thing.

First 31 Last

Share
Profile

Follow
vladisimo

1,338 Posts.

218

08/06/18

19:09

Post #: 33605980
Share

Originally posted by mm3 ↑

I think as a general comment that's a poorly thought through statement.

Junior exploration companies are all about blue sky and the very small percentage chance they will 1) select the right ground, 2) explore the right way and 3) ultimately make a discovery.

micro caps are nothing to do with selling or developing an asset, time and debt/equity market fluctuations or making revenue - that's a mid-tier company kind of thing - or if you like a TNG kind of thing where time delays etc are a significant issue (obviously). Yes the micro caps need access to capital but that largely comes though sophisticated HNW investors or existing shareholders rather than institutional funds.

If you're investing in this space (I mean really investing not just taking free spin-off in specie shares) then you need to understand those things or go play in the +250M market cap space (where by the way TNG should be if it wasn't for poor management and broken timelines).

Expand

Yep, sure thing.

TRT Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
Upvote

1 Great analysis

Reply

First 31 Last

Add TX3 (ASX) to my watchlist

(20min delay)
Last 0.4¢		Change 0.001(16.7%)		Mkt cap ! $6.4M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$15.68K	4.125M

Buyers (Bids)

No.	Vol.	Price($)
8	14582283	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	7937970	9

View Market Depth

No.	Vol.	Price($)
8	14582283	0.003
11	13221167	0.002
6	9200000	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	7937970	9
0.005	5424564	8
0.006	1420000	4
0.007	3184194	5
0.008	4350166	5

Last trade - 11.35am 29/05/2024 (20 minute delay)

TX3 (ASX) Chart