Today has been impressive. Expecting a speeding ticket on the back of the 2nd highest volume in 6 months (could be highest by days end) and a healthy 28% rise in the SP.
You rarely see such sustained buying in TRH (partly to do with the low no. of shares on issue but still a great sign). Is news about the US on its way perhaps? Or is there a big buyer accumulating? Been great reading that research report, but realistically the iron ore will just be a drop in the ocean if we can somehow get the potash project up and going imo (cash and permits the obvious major hurdles).
From annual report: "The Company has commenced an urgent process of consultation and lobbying of the federal government, with an aim that prospecting permit will be issued as a result of this process and drilling can commence once these obstacles have been removed.
K2O has appointed Boyd Petrosearch... to review ... available 2D data across the Paradox Basin. Transit has access to a substantial database of 2D seismic which is available at a fraction of the price of conducting new seismic surveys. Initial work is scheduled to be completed by the end of the September 2010 quarter."
news should be close then I guess...
TRH Price at posting:
24.5¢ Sentiment: LT Buy Disclosure: Held
