Well said Robbie,
and to add a few more thoughts.
Almost every mining company, oil or minerals, experiences delays. That adds to the general situation of current supply issues. Oil is above $ 100 not because of Iran, because it is just harder to get it out of the ground. The time where production costs were $5 per barrel or less are over, without fracking or going off shore in deep water there is hardly anything to achieve these days. The same applies to any type of minerals. Look at NCM, the worlds biggest and still one of the low cost gold producers faces huge problems. There is only one way the prices of any commodity will go in the future, up.
Costs are increasing and demand too, and the world has just started to recover. Imagine all the economies reachning their full potential, not to mention Africa coming to the table in the next 20 years or so.
Therefore, when the market values THR at less than $ 20m ( ASX+AIM ) then it would be stupid to let this opportunity slip away. Let the sellers sell, catch the cheap shares if you can wait 2 or 3 months and there is a high chance to make multiples of profits compared to taking the money out of THR now and trying somewhere else. Guess what, all the other stocks face similar problems.
But if sellers can't resist, neither can I to buy at 2c or lower.
Add to My Watchlist
What is My Watchlist?
