Australia's largest stock trading and investment forum Australia's #1 stock forum

TNO

Click for more information

0.00%

10.0¢ tando resources limited

Trading has been quiet recently. Agree best action is to hold...

First 5 Last

Share
Profile

Follow
PhoenixAM2017

493 Posts.

18

29/08/18

17:16

Post #: 35272040
Share

Originally posted by perdant ↑

Think we might be due for some news shortly. Final pre-condition met (SA Reserve Bank), acquisition imminent. Wonder what happened about flying in the rig?
Plenty going on atm (except on the ASX)

Tando recently received notification of grant of the Mining Right for the SPD Project by the South African Department of Mineral Resources. This paves the way for drilling to start later this month at both the SPD deposit and the surrounding pipes.

Drilling at the SPD deposit will be aimed at converting the current "foreign resource" to a Mineral Resource estimate (MRE) as defined in the JORC Code. Tando expects the MRE will be published by October, 2018.

Following completion of the Phase One drilling program, Tando will move straight into Phase Two, which will be aimed at upgrading the maiden JORC Resource to an Indicated category (provided results are as anticipated). To achieve this goal Phase Two is currently designed to comprise 58 holes for 5,550m.

Expand

Trading has been quiet recently. Agree best action is to hold waiting for news, some comfot that CEO and a director have recently bought on market.

TNO Price at posting: 16.0¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

ADD

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

HotCopper Highlights: Your most watched stocks for Week 48, 2024

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

There are more pages in this discussion • 4 more messages in this thread...

First 5 Last

Add TNO (ASX) to my watchlist