@chukCornerstone investor out of last CR and $25m non binding...

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Merchant2000

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21/06/24

21:49

Post #: 74434061
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Originally posted by chuk: ↑

I held TTM a few years ago. It had a decent gold deposit that it bought into. Initial drilling to convert to a JORC resource looked very encouraging and they gave a timeline to a JORC. Despite ongoing drilling, very few assays were released and the JORC was delayed. That didn't look good to me as I figured many months of follow up drilling could not have been positive so I sold. The stock fell from around 10c to around 1.7c a few years later.
Recently however, a wholly owned subsidiary of Titan and Hancock Prospecting Pty Ltd (Hancock) farmed into one of TTM's other (copper) projects to earn up to 80%. Having signed that deal with a bigger player has seen the sp rise from 1.7c to 4.1c in around 4 months.
There is no guarantee that that farm in on the copper project will lead to an economically viable mine. The gold project was not making much profit for the previous owner and exploration hasn't found what was hoped to improve the economics.
The company has no DFS on any project.
The company will need multiple future cr's to continue to explore.
No timeline to any production (as far as I know).
Still, just having a deal with a larger company has seen the sp gain 140% in four months and it now has a higher mc than Minbos which only has $US10mill left to raise for capital expenses and US$10mill for working capital to see production start next year on a high margin project with a world class green ammonia project to follow.
It's funny how easily sentiment can change with just one deal - which for TTM doesn't even lead to near term production.
A few here have written Minbos off and others have given up waiting. That doesn't change anything for MNB's prospects and there are more than enough likely catalysts to turn the price around.

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@chuk

Cornerstone investor out of last CR and $25m non binding withdrawal ???

All downhill since and disaster

Mnb being played bigtime imo

You still cant see this imo

This will not end well

Keep offering false hope

Stockholm Syndrome second to none

MNB Price at posting: 5.1¢ Sentiment: Hold Disclosure: Not Held
2 Upvote

0 Great analysis

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Last 5.3¢		Change 0.003(6.00%)		Mkt cap ! $45.85M

Open	High	Low	Value	Volume
5.4¢	5.6¢	5.3¢	$47.66K	878.1K

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No.	Vol.	Price($)
2	387398	5.0¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
2	387398	0.050
2	152040	0.049
2	362520	0.048
1	150000	0.045
1	3031	0.044

Price($)	Vol.	No.
0.054	19406	1
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@chukCornerstone investor out of last CR and $25m non binding...

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@chukCornerstone investor out of last CR and $25m non binding...

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