LTR, with a 15% increase in SP, has just added $120M to its market cap today. In another word, its one day gain is more than enough to take over TSO at the current Market cap of $110M. Those who sold their shares at 20c today must be really happy to accept this kind of offer as they would have another $10M extra to divide between themselves Now, let's have a look at LTR's announcement today, I have to say that it is a solid annoucement but either it was overpriced or TSO is insanely cheap at this level!
Previously, LTR did 120 AC drills for Moora, with best intercept of 12m @ 1.4g/t or 16.8g/m. However, many of those 120 holes had insignificant assays (NSA), with 140 more AC holes waiting for assays. The annoucement today is about the first 3 RC holes.2 of which had insignificant assays, only one hole had an intercept of 44m @ 1.6g/t or 70g/m.
Now please tell me, basing on the drill results, do you really think that Moora worth more than this asset?
- 85 diamond holes. ALL hit GOLD! Not a single miss!
- 15 holes out of 85 had grade of over 100g/m.
- High grade core with average grade of >2.5g/t. Mineralization starts from 5m.
- Ternera gold mineralised zone nowconfirmed by drilling over 950m of strike, 450m wide to over 400m depth and remains open in all directions.
- Mineralised surface expression is1,500m of strike, up to 600m wide and remains open in all directions.
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Last
3.2¢ |
Change
-0.001(3.03%) |
Mkt cap ! $39.34M |
Open | High | Low | Value | Volume |
3.3¢ | 3.4¢ | 3.2¢ | $27.50K | 829.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 348454 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 322580 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 348454 | 0.032 |
1 | 23890 | 0.030 |
1 | 200000 | 0.029 |
3 | 140000 | 0.028 |
1 | 20000 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 322580 | 1 |
0.037 | 125177 | 2 |
0.038 | 50000 | 1 |
0.039 | 150000 | 1 |
0.040 | 8697 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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