TGM 0.00% 18.0¢ theta gold mines limited

Ann: Theta Hill Open Cut Drilling and Scoping Study Update, page-5

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  1. 317 Posts.
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    I am scratching my head also at present, the drill results look good especially 16m at 7.36g/t most mines would die for that sort of drill hole.
    The unstable South African effect is probably a fair bit to do with it.
    I also look at these skinny 1 meter reefs as the main reason we may be in the risky basket, but if the economy tanks in South Africa and the rand tumbles then our costs will also go down and profitability will go up as gold is sold in US dollars.
    I would love to know when our share price will stop falling, i got in around 2c and i thought that was a good entry price but at this rate i hate to think where we will end up.
 
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