The potential JV is only on ivory coast tenements. Also, they only have to spend 3m to earn in 75% ownership which means whatever is found, TAR will be giving most of it away for peanuts, stretched all over a 4 year time frame. It's just a token JV with RSG getting all the perks and spending virtually nothing- This isn't material enough to bring a re-rate into the stock.
It may be something to look at once this short term hype dies down and they have to come to market again to capital raise. A capital raising will be coming within weeks IMO.
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $7.060M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $11.95K | 1.195M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1452141 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 515000 | 2 |
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| Last trade - 10.09am 11/10/2024 (20 minute delay) ? |
| TAR (ASX) Chart |