re: Ann: SUCCESSFUL SCOPING STUDY FOR POTENTI...
Not sure about "baked in plus some" barnsty.
Diluted market cap is still less than $25m. Take out money we have and money we will get for oppies then company is valued at around $15m.
Have a look at the valuations and then tell me how $15 million can be justified? I have a feeling Bromby might mention it in next day or two and we'll get a leg up again.
The trading also reminds me a little of a few days ago when buy side looked weak but buyers just kept coming in the arvo after the early shakeout. No need to worry, just traders capitalising on nerves of people who don't understand the scoping study report IMO. The positive thing for me was the conclusive recommendation to commence PFS straight away (oh, and the potential profits each year of over $600m).
TRH Price at posting:
49.5¢ Sentiment: LT Buy Disclosure: Held
