TRL 4.88% 3.9¢ tanga resources limited

I am (have for while now)a few thingsthe SPP is unfortunate....

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  1. 4,975 Posts.
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    I am (have for while now)

    a few things

    the SPP is unfortunate. structured as $15k for each shareholder it says, 'large shareholders do not want/have the money to commit'. the large s/h are mgt and IGO (AVK is not a spin out from IGO, IGO paid the IPO money, but developing tropicana is their priority at the moment). so there's a short term funding/perception problem. but they will get thru it.

    otherwise the register is tight, and the projects/prospects are good. Indep geologist report said possible worldclass project at cerro blanco. there's no doubt about system being there, only that AVK drilling (following up historic holes) showed 0.3-0.5%cu type ore. only enough to be border line given tough mkt.

    however, capital will get easier to source for exploration stocks. in the mean time, theirs very low corp opex.

    and imho invest in people, people, people (not momentum).

    these guys (mgt) are real explorers that own lots of AVK, not wannabe's, and not just free rolling the options.

    it'll probably get cheaper than 6c, given the poor SPP. pick your timing, but imo it's one to own.
 
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