TRL 4.88% 3.9¢ tanga resources limited

Welcome. Lot's to like here but just a bit of patience needed. I...

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  1. 10,010 Posts.
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    Welcome. Lot's to like here but just a bit of patience needed.

    I have managed to speak with the company last week.

    A few things to note.

    The gold project is back on! And they have had a lot of interest in it! Thus imo a few capping tactics in the SP. We could see a decent drill campaign there in the not so distant future imo.

    Some may think that because they are looking for more projects in Namibia that the current drilling has been unsuccessful. That is definitely not the case and it was the companies original plan to have several projects in the country and have good close working ties with the government through its JV partner.

    Drilling was massively delayed by severe storms and rain. Record amounts. Should see all assays in a few weeks. Didn't want to release anymore visuals as the market misread the first lot so waiting for all assay results. But as hole 1 shows they did hit zinc/lead in semi massive sulphides.

    Will be interesting to see if anything else shows up in the multi element assays. Cobalt or vanadium in particular.

    Still 600k in cash so plenty for a while if needed.

    Biggest thing for me was the gold in Tanzania. The problem was never around the tax hikes because they are still lower then a lot of places but it was the uncertainty around leases and renewals etc without a commision in place. Now that is there it is game back on.

    Top 20 I believe has hardly changed in the last year. So they are loyal supporters. Let's see how quickly they can get things going in Tanza again!
 
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