strangely the SP is rising on very light volume and on a rising POG despite the SPP and CR.
Market is predicting more great drill results and stable cashflows/production.
Looks to me that they dont need much cash at all as to drag the SPP out like this for such a paltry sum worth only 7-9 days of revenues in AUD$ terms at 70k ozpa x U$1288 = A$130Mpa revenues/365 = $356k revenue per day
this SPP is 7-9 days of revenues!
Get a grip of yourselves
This is a meaningless PR stunt mentioned at the AGM to keep their word to the oldie regulars, this has nothing to do with needing cash!
The share price is rising as cashflow & net cash position keeps building & assay results keep impressing.
If they announce Tallman is a 500k oz super high grade open pit deposit & the road and bridge are now building and to be completed in weeks, then,
TRY will FLY!
- Forums
- ASX - By Stock
- Breakout Gap Running
strangely the SP is rising on very light volume and on a rising...
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TRY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online