Fantastic summary dunny, Exactly why I have decided to place my...

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boy1

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23/08/18

21:15

Post #: 35140085
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Originally posted by dunny29 ↑

Whilst the Vanadium sector has been hot, clearly TNO hasn't received the same amount of love recently.

I've done a very simple graph since the Vanadium acquisition with 2 peers (AVL & TMT)
View attachment 1254137

I get that TMT have a largely positive PFS, AVL are located next door with a PFS due soon (so are more de-risked), whilst at this stage TNO only has a foreign resource defined. But these whole rock and concentrate grades compare very, very favourably. Plus we know that there are other producers and developers with very similar if not the same mineralogy (and therefore mets) that are currently making, or soon to be making, very nice profits from these types of deposits in South Africa. Not to mention the very strong potential for grades much higher in the newer zones (2%+) that will likely have a drill rod put through them very soon to test and hopefully confirm.

So I think based on the graph above, especially the past 6 weeks, it is clear that the money hasn't been placed proportionately. You could conclude that either or both AVL and TMT have received more than their fair share and TNO less than. IMO AVL and TMT have deserved everything and even more, this shows that TNO has a long way to go to catch up.

No wonder Bill (managing director) and Patrick (director), have purchased $65k between them very recently. With the voting down of those options in the recent general meeting, that is also about 15% dilution avoided. Volume has dropped off the past 8 days, could be primed for a run off a very solid base that has formed.

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Fantastic summary dunny,

Exactly why I have decided to place my money here for vanadium exposure.

I’m not much of a chartest, but it looks about ready as the range has been locked in and volumes are now dissapearing.

TNO will need to find a new level for any significant volume, and that new level is up as it’s significantly underperformed compared to its peers.

Exciting times and expecting a rerate very soon, the extra dilution save was worth 15% in itself! Again, more unlocked value in the current SP.

Ps: G’day @DetiMr

Boy

TNO Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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Fantastic summary dunny, Exactly why I have decided to place my...

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'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

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