TIR titan resources limited

buyers building - may run again today

  1. 624 Posts.
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    Opening price set to already exceed yesterdays close. Will TIR have a higher high and a higher low than yesterday (8c to 16c)? I am sure we will get a higher low out of TIR today. But will TIR form a higher high? I am picking 17c but would not be surprised to see TIR nudge 18.5c. Yesterdays trading was staggering. A stock that regularly only has a few parcels go through suddenly traded 3M in 10 mins post the bio-heap announcement and soon had doubled from 8c to 16c. Trading in TIR went on and on to exceed 32M traded. There are only 180M TIR issued and a big chunck of them are locked up with CSM. The fact that TIR closed near it's high for yesterday augers well for today I feel.

    TIR have a great number of nickel deposits waiting for the cash to develop them in the belt Widgie and Spargoville including many of the historic mines. Maybe CSM as part of their nickel expansion will continue to inject more and more cash beyond the recent $1M for Munda. The Armstrong ore chemistry unsuitablility for the Kambalda smelter may be solved as simply as concentrating the ore and shipping it to another smelter as SMY (Sally Malay) already do (who have a similar grade at 2% nickel). The other historic mines in the belt Widgie and Spargoville appear to have no problems with ore chemistry historically for the Kambalda smelter. And then TIR have bio-heap, ostensibly the reason for yesterdays excitment. And what if CSM are working towards a TIR takeover?
 
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