TX3 20.0% 0.2¢ trinex minerals limited

TRT Strategy

  1. FGB
    1,409 Posts.
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    Have decided that TRT is half a punt- half a keeper.
    - With such a low MC it wouldn't take much in the way of good news to see a doubling or trebling of this price. At which time I can take a nice 30-50% gain.
    - But with some big licks of land and seemingly good resources that just need to be characterised this could easily have legs to reach a MC of $100m (still a minor player), more than a Disallowed. So holding some seems prudent.
    - Also worth keeping an eye on TRTO, and grab anything under 3c, for a hefty bit of leverage (they don't expire until March 2020).

    So, a bit of bet each way, but (as the song goes) the only way is up...


    PS. I have no more vision than any other mug punter in this game, but do read a bit....DYOR
 
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