TX3 0.00% 0.4¢ trinex minerals limited

Ann: Uranium Mineralisation Intersected at Gibbons Creek, page-11

  1. 462 Posts.
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    Mate the problem is the possibility of TX3 becoming very incestuous and conflicts may occur, if they havent already. Who does Will work for, the shareholders, who are now the major shareholders?

    I still dont understand the rationale of chasing a U deposit for 0.005c just after they transacted a Lithium project for 1c. They hadnt even explored the Lithium yet and decided it was a good strategic move to dilute all shareholders by another 50%.

    Serious questions need to be asked why this second transactions happened. Id also suggest ASX should investigate such practices because there is only a couple winners in reality and it's not the majority of shareholders.

    The U campaign missed, and if there is a system will likely be a deep one given the only mineralisation they are seeing was in a fracture at 110m. So now what? Will they spend the full 4m they have in cash on the U project like their previous announcement inferred?
    Last edited by GePembrok: 29/03/24
 
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