TAR 0.00% 1.0¢ taruga minerals limited

Ann: Agreement to acquire lithium project near Manono, DRC, page-8

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  1. 517 Posts.
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    I'm sure I wasn't the only one who was disappointed not to have seen Klaus in the T20 a few days ago in the Annual Report. Now he is on board, setting up nicely. Klaus knows the DRC well, has been there for a number of years, so I'm sure this acquisition isn't just some random block of land in the middle of DRC. Klaus goes for the big projects, proves them up and then sells them off.

    In regards to the selling, I remember when AVZ was 1-2c and, despite having secured the Manono extension projects and logically moving towards acquiring the main system, it had a number of large holders selling out. Operating in the DRC obviously has its risks, I presume some aren't comfortable with that, which could be a possible reason as to why some of the larger holders had been selling out recently.
 
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