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67.5¢ tietto minerals limited

Buyback 10 million shares a month, page-14

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Battersea

156 Posts.

67

10/10/23

19:21

Post #: 70274153
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Originally posted by cherryburn: ↑

If the share price reaches 40c before the end of November without any buybacks then the shorts will be forced to cover at some point. The gold price seems to have hit the buffers at $1800 hopefully. I am inclined to the view that the Company should bed down Abujar , increase throughput, complete a "proper" study on the heap leach potential and move ahead with that in early 2025 if that looks compelling. Having cheap and reliable hydro power together with very soft ore certainly helps. Certain Canadian companies are capable of heap leaching 0.4 g/t ore as a result of cheap hydro power.

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I think you have put it in a nutshell, cherry – thanks very much

TIE Price at posting: 35.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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