Yes, agree, the owner of Bald Hill would be the obvious buyer but I still think that Mt Cattlin will provide some price tension, either by toll treating for Torque or by buying the two tenements. Remember that Allkem recently took 80% in a couple of nearby tenements to Bald Hill so they must think they have options if they have resources up that way and Mt Cattlin does have spare capacity.
Other than the drill holes at Dawn being all dusters I think the biggest risk to the TOR share price doing well is if Gina or Twiggy or MinRes come around and lick the stock (as in school kids licking food so no one else will eat it) by taking a strategic holding in Torque.
Yes, agree, the owner of Bald Hill would be the obvious buyer...
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Last
14.5¢ |
Change
0.005(3.57%) |
Mkt cap ! $26.59M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 14.0¢ | $4.631K | 32.95K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7407 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 8000 | 1 |
View Market Depth
| Last trade - 10.48am 12/07/2024 (20 minute delay) ? |
| TOR (ASX) Chart |