As much as I believed in TMR, Friday's announcement sealed it for me.
For those that have been trading for a while and can read between the lines know that it was a diplomatic way of saying "we screwed up".
I think most of us now wish the IBR take over didnt happen. Try to imagine where the sp would be today if TMR still only had 250-300mill shares...(and heading towards $50mill EBIT).
Im sure Hugh has good intentions and his buys in TMR support that, but I cant help but think now he/they may have simply under researched IBR's details.
Short term (<6months) it wouldnt suprise me to see it at or below 10c. Plus too much market volatility at the mmt.
Long term... assuming copper prices dont crash by next year and all the other "positives" develop then YES TMR will have its day.
Sitting on the fence watching for a while...good luck all.
As much as I believed in TMR, Friday's announcement sealed it...
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Mkt cap ! $4.124M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $2.903K | 725.6K |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1621658 | 0.4¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 5698707 | 11 |
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| TMR (ASX) Chart |