TAR 10.0% 1.1¢ taruga minerals limited

Ann: Strongly Supported Placement to raise $3.5 Million, page-178

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  1. 8,032 Posts.
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    TARs problem is on the day of the outstanding results mate, IMO everyone knew a 2.8c CR was already tabled, and to make it worse it seems they allowed it to drag out for another 11 trading days .. the outstanding results actually ended up delivering shareholders minus 20% and on the day a measly 2% from the previous days high, yet we hear the CEO shouting out hw they have just delivered its shareholders huge value after they saw their 3.4c SPP sold down to 1.6c during the drilling of this amazing discovery.. add it all together and i think we see a company that has delivered FA for its shareholders who backed them for this discovery after seeing what happened with the Flinders fiasco.. an extremely poor team that is TAR as far as I am concerned, as usual, everything will be water under the bridge once the greedy insiders are all happy everything has gone their way and to plan .. TAR has ruined this exciting time for it shareholders by allowing a $15m mcap CR to be executed, i am sure TARs email desk is running hot after OD6 has lead us all to see the real value of what its shareholders backed the company for
    https://hotcopper.com.au/data/attachments/4826/4826351-c38d5da4ba2f6aea94535babc8b4917f.jpg

 
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