TRL 4.88% 3.9¢ tanga resources limited

Ann: Company Update, page-7

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  1. 10,010 Posts.
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    Thanks.

    I still own a fair few of these and am down quite a bit but certainly not as much as long term holders.

    I did speak to the MD before the program about whether they would expand the program if they hit what they expect and he told he they would keep drilling more holes if the first 4 were successful. Now I can't say that has been the case for sure but this was only a DD program.

    If they had been dudded into thinking these historical results weren't true and missed them completely in the first 4 holes then why bother spending anymore money on another 3 holes? That would be foolish if not completely stupid.

    Just my take on things and I understand after the pump and dump by most likely placement getters previously the company shut up shop and said they wouldn't say anything until all the assays were out. Thus the change in reporting. Not that I agree with that.

    Anyway just gonna need patience now and hopefully a cobalt acquisition to the North and some work in Tanzania!
 
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