TG6 0.00% 13.5¢ tg metals limited

Ann: TG Metals Raises $10 Million in Placement, page-219

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  1. 2,976 Posts.
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    From the speeding ticket. One slow assay delays everything because the lab is basically processing a bunch of random samples and then sending them through to the Exploration Manager. Presumably they have some sort of database/spreadsheet into which they enter the returned assay's and until the all the required assay's are back, you don't have a reportable intercept.
    https://hotcopper.com.au/data/attachments/5792/5792809-d185f9281c450e2658a9d275b5af99de.jpg
    As a wildcard possibility, I wonder what max grade threshold they have before they retest that sample? If they did get a particularly high grade back, would they just release it or would you double check? (and therefore have even more delay's!)

    From the 13th Nov announcement. Yep TG6 have got the timeframes on Assay's coming back wrong. Its a problem pretty much all lithium exploration companies have faced. IMO you don't normally eagerly anticipate poor drill results although its possibly you would eagerly anticipate the phone not ringing all the time with shareholders asking if there is any progress.

    https://hotcopper.com.au/data/attachments/5792/5792836-1d590c479de7a608912fbc50c26f402e.jpg
 
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