Imho Armenia is like a white elephant to TMR management. They have no idea what they will do with it. This company has told so many lies, one example was last year claiming to do a on market share buy back to assist with the TSX listing. What a load of rubbish. Recently they have said that TMR will not fund Armenia anymore...however..they will need to get more drilling results if they are considering an ipo on TSX for the Armenia asset.
Stuffed if I know..this company doesn't appear to know its arse from its elbow. Have to wait and see what they have in mind..but I doubt it will be a cunning plan.
TMR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
