TRL 4.88% 3.9¢ tanga resources limited

Ann: Semi-Massive Sulphides Intersected in First Hole at Joumbira, page-24

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,378 Posts.
    lightbulb Created with Sketch. 343
    Yes - I guess the other thing is that this is the first big "news" announcement since a change in company emphasis from gold in Tanzania to Zinc Lead in Namibia.

    If we can put ourselves in the shoes of people who brought TRL for the gold story in Tanzania (before it all went pear-shaped with the Tanzanian government) they would now be stale/disgruntled holders and sitting on a loss in a company with a different focus in a different juristiction, maybe some of them had misgivings about the new Namibia story but didn't crystallize their losses until today.

    Personally - I don't understand the mentality of that - if I had been here for the Tanzanian gold I would have been out as soon as I saw what happened to Barrick in Tanzania and thats been known about for quite a while...

    Anyhoo - this is just confirmatory drilling and will need to see similar widths and grades to the historic drilling before they get too agressive with their exploration plans in the future.
 
watchlist Created with Sketch. Add TRL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.