I'd suggest there is more of a connection between the two stocks than just a common director-TRH Chairman Mr Ananda Kathiravelu.
TRH's shareprice ran hard today as a result of a certain analyst/newsletter and mentions in some newspapers. I doubt it ran hard because results are about to be released.
TRH's shareprice also ran hard in the first few days of September. TRH replied to an ASX speeding ticket at that time (2/9/2011) "1. The company is aware of a publication by Diggers and Drillers which details the company's prospects and recommends a tradign decision in relation to TRH securities. 2.The company recntly conducted a broker site visit to its US project which has refocused interests on the company's assets"
It could be that the shareprice of PRA could also run hard like TRH did today. Why?
Have a read of this article dated 3 September 2011:
"On Monday I stepped back onto Aussie soil after flying 37,000 km through the US and South America in just one week. You've got to travel a long way when you're hunting 'recession-proof' commodity investments. My head is spinning. And I'm exhausted. But the trip was completely worth it....
I came away with four observations I think could lead to useful investment ideas for the rest of 2011. I'm talking about gold and silver mining stocks, potash, and coal. Let me share with you what I saw last week and why I like these four commodities for the rest of the year.
Two of the projects I visited last week have the right people, the right location, the right commodities, and potentially huge, high-grade deposits. Both stocks are at the stage where everything is in place. But the shares are still at bargain prices thanks to the fear gripping financial markets.
One is a gold explorer that is still fairly unknown. It appears to be sitting on a deposit large enough to compete with the world's biggest gold companies. Which, perhaps not coincidentally, are right next door. I've been tipping gold stocks since gold was selling for $900 an ounce. As you know, it recently it hit $1900...."
TRH Price at posting:
$1.36 Sentiment: Buy Disclosure: Held