TAR 0.00% 1.0¢ taruga minerals limited

Ann: Agreement to acquire lithium project near Manono, DRC, page-64

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  1. 862 Posts.
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    The issue with 4CE was the Lepidolite that @binwood alerted to. It doesn't take much to halt momentum and that did yesterday. Given 4CE cash position as well I would expect a cap raise fairly soon. I was in 4CE early on the day they got the acquisition and sold out at 4c, I was kicking myself for some time until yesterday.


    As for TAR I highly doubt Klaus would recommend a project that sets his daughter up to fail. The cash position of the company is quite good at $1.7 million and the SOI is 1/10th of the size of 4CE. These are the factors that brought me here.


    I think the best thing TAR can do right now is get people out to site ASAP, get some samples, photo's and and have a look around. The area is highly prospective and may have something, it may have nothing. If samples can be taken and return positive results I would expect a drill rig out there early in the new year to punch some holes and to test the depth.

    Interesting times ahead no doubt
 
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