I have bought just a small parcel here - I think this will be...

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Aqua65

5,248 Posts.

3180

18/06/24

21:48

Post #: 74378648
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Originally posted by Rupert001: ↑

Winenut , thank you for pointing out my posts. Please tell me which post never came true or wasn’t the facts at the time. TNC is the never never mine, because it’s always been the never never mine. History has a history of repeating itself. Great Australia Mine was discovered in 1876 by Ernest Henry a grazier. It had good times and tough times since then. It shut down its operations after mediocre operations in 1919. It reopened operations in 1995 by a crack pot show called Cloncurry Copper with no hopers. Got a run again with a Sydney doctor around 2003 who dropped $10m and walked. Then picked up by a scammer mineral trader from Sydney who dropped $20m then a couple of others, before WHSP bought it with its subsidiary Round Oak Minerals. Dropped $250m in 10 years. Now TNC. “So the future is written” as they say. Question: Was there ever a way to make it work? Yes. But it’s such a mess now will need $50m min to dig its way out and a super duper smart operator. My guess when the new MD has completed 3 months at this gig, he will not want his resume stained. Time will tell. It is what it is!

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I have bought just a small parcel here - I think this will be interesting medium to longterm, with a chance of excitement or some surprise.

Overall - this is a decent copper resource, at the mine.

I don’t yet fully understand all that is also held however I think the resources held will prove to be compelling in time.

The new MD is well- credentialed and he has some decent shareholder support backing him now.

TNC Price at posting: 5.1¢ Sentiment: Buy Disclosure: Held
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