TRL 4.88% 3.9¢ tanga resources limited

Yes - I guess the other thing is that this is the first big...

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  1. 1,378 Posts.
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    Yes - I guess the other thing is that this is the first big "news" announcement since a change in company emphasis from gold in Tanzania to Zinc Lead in Namibia.

    If we can put ourselves in the shoes of people who brought TRL for the gold story in Tanzania (before it all went pear-shaped with the Tanzanian government) they would now be stale/disgruntled holders and sitting on a loss in a company with a different focus in a different juristiction, maybe some of them had misgivings about the new Namibia story but didn't crystallize their losses until today.

    Personally - I don't understand the mentality of that - if I had been here for the Tanzanian gold I would have been out as soon as I saw what happened to Barrick in Tanzania and thats been known about for quite a while...

    Anyhoo - this is just confirmatory drilling and will need to see similar widths and grades to the historic drilling before they get too agressive with their exploration plans in the future.
 
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