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Short Term Trading Week Starting: Tues 3rd Apr, page-120

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bossivic

19,029 Posts.

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04/04/18

08:20

Post #: 32200831
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Originally posted by UmiTrader ↑

"TAR has the goods! I see quite a few sceptics on here who don't want to believe results. Lets see who's laughing when the twin drill results from the historical drill holes with 2% to 3% Cobalt over 26m to 46m widths are released in coming weeks!"

Actually it is not yet known whether TAR does have the goods. Mining is highly uncertain and not many projects end up making it. Twinning holes doesn't add value, as it just confirms what is known to be there, which has already been priced in. I agree this is an exciting prospect, and when new information is known from drilling out the license then the shares will be repriced accordingly. But to be clear this can also be to the downside. Also, I think people should be aware that directors have been selling shares at these prices. It should also be noted that the license area where these historic results were obtained is quite small, a few square km from memory.

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Obviously Shaws believe they have the goods buying in so heavily

Shaws were one of the big early buyers of EUC too

XAO Value at posting: 5,859.1
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