re: Ann: UPDATED TRANSIT RECEIVES STATE APPRO...
to me the Updated announcement didn't has anything "new" in it. They're all "known".
1. We already know that this exploration target for beds 13 and 18
2. The numbers 2.3 billions tonnes/32%KCl, or 2.5-3.8 billions tonnes/19%-29%KCl have been mention before this Updated, these are estimation numbers. I did see them here and there, in the anns, news, websites, reports. YES I did see them when I was researching. We will find out the exact numbes after the drilling, for now, they are approximation numbers. 754.4 million tonnes from old ann is closed to average of 475-1102 million tonnes from new ann, but the second one is more of an estimation.
So the important of this Updated ann is not about the content of ann, but the title of the ann: UPDATED TRANSIT RECEIVES STATE APPROVAL FOR DRILLING, IMO.
We were very surprised when SP gone down after the big ann TRANSIT RECEIVES STATE APPROVAL FOR DRILLING. This repeating ann(updated) mean that TRH's team were shocked themself to see the SP went opposite direction. They just want to repeat that HELLLLOOO: "TRANSIT RECEIVES STATE APPROVAL FOR DRILLING". DO YOU HEAR ME!
TRH's team are the insiders, If we KNOW they are excited about the approval, we, the shareholders are on the right stock.
Ps: should be "million tonnes" in my previous post
TRH Price at posting:
69.5¢ Sentiment: LT Buy Disclosure: Held