Hi Kat - My area of interest has always been Armenia, and in...

Hi Kat - My area of interest has always been Armenia, and in that respect Ive got nothing new to add. Richie probably doesn't need any further revving up :-)

I have started looking at the rest of the assets though, and on paper like them. Maybe I can comment that perhaps TMR have grown too quick too soon, rather than concentrating on getting a firm handle on their existing (and now expanding) operations.

Perhaps the strategy was with such an asset base, TMR would be an attractive T/O target? When the market was more bullish, then this would have been more of a liklihood, now the situation is more cautious, investors want to see more runs on the board.

Pure speculation on my part, but one that fits in my mind.