TNG - FA - long The spike on Thursday from around 8c on to 10c &...

TNG - FA - long
The spike on Thursday from around 8c on to 10c & up to 14c was in response to Mt Hardy copper rock chips from 4 of 8 Fugro’s HeliTEM EM targets grading up to 46.6% Cu at EM Target #2 with 36 rock chip results of >10% Cu. The fall on Friday back to 10c was probably in line with general spec market caution reaction to the MEU rip-off (4c shares handed out at Directors discretion and dumped into 20c spike). Mkt cap is $40M and TNG has $10M cash and strong Chinese backing. The Vanadium mine proposal reads well in the Hardman research report at
http://www.tngltd.com.au/images/tngltd---weirainiin.pdf
realeased Friday (dated Oct 1). Further follow up and anticipation of Mt Hardy EM targets and acceptance of Hardman research report may see TNG rising more than 25% over next month.