Ann: Tanga Completes Successful Capital Raising, page-12

Good to see TRL up today in what was generally a poor day for gold explorers with lots of profit taking on those stocks currently capped around the $8m to $12m mark.

In my view TRL has stayed under the radar so far and that should change shortly when the expected news flow begins.

For a $3m cap you a very tight share register (due to past consolidation), at least $1m in cash and over 3,100km of land in a proven gold belt in Namibia (including land next to a 500,000oz deposit) and pending exploration licenses on ground to the North of Osino Resources Karibib Gold project (92m @ 1.40g/t and 37m @ 2.58g/t). A quick read about the current Osino projects and what they sold to B2 Gold highlights the potential for TRL and its current land holdings in Namibia.

Not bad for a market cap of around $3m.