Yep good day today for TRT.Pretty handy for getting the shortfall away. 8c is now a tidy discount.
Still think there will be some hard yards to do before any serious share price run-up, as some of the shortfall takers will just dump straight into the market for any quick profit that they can get.
However, if this deposit gets much bigger with forthcoming drill holes, value will win the day and some big buyers might just step in to hoover up the loose stock. Even after the issue of the shortfall, TRT will only have a market cap of ~$10M, which is small for the potential economics of even a modest resource at the grades they are hitting.
I agree with the previous comparison with ADT. Grade wins in the end. If the drill hits keep coming at Mt Hardy this stock has only one way to go and that is up, and quite quickly.
Cheers
Gosouth
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $3.657M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $42.87K | 20.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 22888303 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 13434482 | 11 |
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| Last trade - 11.01am 09/08/2024 (20 minute delay) ? |
| TX3 (ASX) Chart |