This discussion assumes that the mkt was valueing the iron ore asset at zero.
Personally I think its terrific news if it comes off, it'll mean TLM will have well over $50mm (including cash on hand and options being exercised) to focus on their other areas of interest and I am guessing that they are looking to spend a LOT on Springfield.
Lets see......an extra rig on-site, rumours flying around about the Simpson drilling, selling non-core assets with short time-frame for settlement so they can get the money quickly (feb next year).
Sounds to me like TLM is gearing up for a major major exploration program on Springfield.
Given how mum TLM are being on everything it doesn't surprise me there isn't much market reaction.....yet..........
this is a big deal.increase of one third to mc, page-5
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Last
26.5¢ |
Change
-0.005(1.85%) |
Mkt cap ! $49.90M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 26.0¢ | $3.453K | 13.13K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 66554 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 881 | 1 |
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| Last trade - 15.56pm 12/07/2024 (20 minute delay) ? |
| TLM (ASX) Chart |