TTR tectonic resources nl

A little bit of buying interest returning but a long way to go...

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    A little bit of buying interest returning but a long way to go still so more positive news needed. Directors or key investors buying is the sign I am watching for.

    Update - SLR (52.5c) and ATV (70c) latest share prices value TTRs holdings at over A$1.3m plus cash of approx A$0.9m is healthy. Committment to the new drilling program indicates that a capital raising will now be sooner than later though.

    Stronger Base metal and current Gold prices are all positive for the BFS and capital raising. Strength of Jabiru our major investor ensures their support for the future capital raising (as underwriters) and Lion Selection will be very supportive also (compare with CAH). Scoping study and Kundip drilling key things to watch for this quarter.

    Dilution of value is one of the issues for holders if the share price remains at current levels.

    Watch this space!
 
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