TRH 0.00% 83.0¢ transit holdings limited

positive results - wrong interpretation, page-2

  1. 22,430 Posts.
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    your post is misleading and should be removed

    State Hole #1 was drilled to the southwest of Husky Fed 6-15 (an
    existing oil and gas exploration well) which intercepted thick potash in
    Bed 18 as well as moderately thick potash in Bed 13. The location of
    Transit State Hole #1 was chosen to determine the known extent of
    potash mineralisation in Bed 18 and Bed 13










    dissappointed with todays news

    management waited till late in the day for news( after it had been sold off), they could have halted it this morning and given all a level playing field

    they said grade and thicknesses were less than nearby well, and they didnt give either estimates


    the market hates uncertainty ( if the results were good i would imagine they would have told us)


    Not the end of the world as have 30 odd previous drill holes so we know the potash is there, just not that impressed with how its unfolded

    i sold a few

    tight stops
 
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