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3.9¢ tanga resources limited

If they drill again in both spots and get some bonanza hits...

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christophe

10,010 Posts.

103

15/06/18

13:00

Post #: 33735658
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Originally posted by Abos ↑

No denying that the Tanzanian assets have tier one potential, but there is a lot of work to move from where they are now to realising that potential. From here my view is that a JV with a partner with deep pockets would be the best thing for the company - no more dilution, lots of results, someone else paying the bills.

The wild card then is Namibia where spectacular results could be in the next drill hole, and having some knowledge of the Namibian geology that is a very real possibility. At least with this funding they have the cash to do a bit more drilling.

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If they drill again in both spots and get some bonanza hits which is very possible then it will be much easier to wheel and deal.

They have the cash to do some IP and geophysics now and then drill so hopefully they can get it right and we can make some progress with this stock.

TRL Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
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