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0.3¢ tyranna resources limited

Nobody wants their holdings too be watered down. But this is the...

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leicester

617 Posts.

40

06/05/23

17:20

Post #: 67641108
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Originally posted by podgy: ↑

I'm interested to know what people make of the following line in this week's announcement

"Option period is 24 months from the date of issue of the Phase 1 Investment."

The line refers to phase 2 ... whereby sinomine could exercise the option to take up another 10pc at 3.75c or the 5-day VWAP average sp. I hope i have read that correctly.

Does 24 months seem like a very long period, given the drilling and exploration is about to move into another gear? Can sinomine take up that option before the 24-month period ends?

does sinomine think the share price is not going very to be to far from 3.75c in the next 2 years?

thanks in advance for your thoughts.

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Nobody wants their holdings too be watered down. But this is the best option in the long run. The way this was panning out, it would have been a decade until we would have seen blue sky.

TYX Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
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No.	Vol.	Price($)
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12	9170562	0.002
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Price($)	Vol.	No.
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