Ann: Voluntary Suspension Update, page-420

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mode1971

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14/03/21

22:55

Post #: 51759284
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Originally posted by saltbus: ↑

I tried posting on my phone again, but as soon as i pressed my chosen sentiment the screen went to the HC opening page an the post was disappeared.
Any clues anyone!!!

Hopefully tomorrow is the end of the suspension and we know the plan and are back trading.

I wanted to put in my two bob's worth of what i think is likely.

Since management has been busy farming out all their leases that aren't core to Mt Stirling and Stirling Well i think it is unlikely that the deal will involve the involvement in any other leases/mines etc. My understanding is the Torian crew are focussed on establishing the extent and amount of gold that is within the leases they are currently drilling. They have stated that they are going to have an upgrade of the reserves at the end of the next 3 quarters.

so i recon that the deal in question will have to do with facilitating the reserve upgrades at the end of the next three quarters.
i see two possibilities and the best outcome is that both are enabled.
1) more drilling.
2) an onsite laboratory to process samples

If Stirling is the real deal then their drilling company knows and their laboratory(s) know. If their drilling company knows and their laboratory know then nearly everyone in those business and the goldfields know, and judging by the last two trading days before the TH and then the suspension something is certainly common knowledge.

Maybe their drilling company will double the number of rigs and offer a discount and take half the drilling charges in shares on some sort of pricing arrangement.
Maybe that new non destructive sample testing method laboratory set up has been offered too TNR as an in house set up.

i dunno.

The biggest hold up seems to be the testing, more drilling without a speed up in testing wont speed much up in the next couple of months.

Hopefully we know all tomorrow.

Saltbus

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Saltbus, are you using the hc android app? If not go to Google play and install, if already see if it's the current version.

If via browser, a script problem you'll have.

I think you'll find news due is not what we expect or have discussed here.

Last edited by mode1971: 14/03/21

TNR Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
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