I am still here on this one but was too dissapointed to comment...

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christophe

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103

18/10/18

13:53

Post #: 36172797
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Originally posted by chillicapital ↑

Fingers crossed.

After reading the prospectus for the rights issue, I can see that Tanga is balanced in it's project handling. I hope that they raise the full amount. And the management is actually doing reasonable job at getting things to progress, unlike some other shyster ASX listed companies I have heard about.

I sent my $2,470 for my rights + $330 for the shortfall, if any. I know it's not much extra, but I hope I get it. Would have sent much more, but I can't squeeze blood from the stones currently. Working hard on a small business so that I gain a steady cashflow which I will be re-investing in stuff like Tanga, and many many more companies on my radar, which have been decimated since February highs.

I realise that's what's been missing in my life - a great cash generating business with super predictable income. It's for the times like this (extreme bear market in spec sector) to take advantage off, that having a good cash generating business becomes so important.

I have heard it said many times before but never appreciated fully the meaning of the phrase:
Cash is King!

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I am still here on this one but was too dissapointed to comment on this RI.

Anyway some good volume and interest today thank goodness.

The only positive thing is CPS are underwriting some of the RI and if you have noticed the run on BIT and SUD of late where CPS have recapitalized them at their lows we could be in for a chance here to get back over 1c quite easily.

Beyond that they need to start some drilling and hit the sweet stuff.

$3m MC is laughable imo!

TRL Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
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I am still here on this one but was too dissapointed to comment...

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