The Brains Trust, page-10572

I've had a quick look at TLM and it appears that SFR have them over a barrel.

Without knowing what's in the JV agreement, if SFR don't have to drill X holes or spent X $, then they can divert their attention elsewhere while TLM bleed out. They (SFR) can literally sit on their hands for years and pick TLM up sub 5c. Seen it so many times before.

However, chart wise it interests me somewhat. A couple of divergences are in place. If it can do two green days with 500k+ volume each day, the bottom may be in. Also, the break out of the pennant formation (albeit in a sideways direction) may signal (at least) an end to the relentless down trend, but probably ushers in a period of sideways trading.

Love to see the JV agreement.