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
4.2¢ |
Change
0.004(10.5%) |
Mkt cap ! $51.64M |
Open | High | Low | Value | Volume |
3.7¢ | 4.2¢ | 3.6¢ | $21.40K | 546.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 34422 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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4.2¢ | 299996 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 34422 | 0.038 |
1 | 64216 | 0.037 |
2 | 40258 | 0.036 |
2 | 166500 | 0.032 |
2 | 45000 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 299996 | 1 |
0.043 | 173875 | 1 |
0.044 | 352711 | 2 |
0.045 | 10000 | 1 |
0.046 | 789847 | 2 |
Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
4.1¢ |
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Change
0.004 ( 5.13 %) |
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Open | High | Low | Volume | ||
4.0¢ | 4.1¢ | 4.0¢ | 167891 | ||
Last updated 15.58pm 24/05/2024 ? |
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