TRL 4.88% 3.9¢ tanga resources limited

Ann: Trading Halt-TRL.AX, page-5

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  1. 3,045 Posts.
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    EntropyLord, I think there's fire with this smoke. As per one of my earlier posting today, a big chomper came in at 14c, bought around 300,000 ( was that you ??) . Now this stock as you know is not the most liquid and that chomp was about 50% of a normal days trading. I took this to be quite "unusual" ( aahemm) . Somewhat after that the buying came in fast, but not immediately. There was a similar, shall I call it an "anomolous" chomp, some days back at a lower price, again strange for this stock which I keep an eagle eye on through my watchlist. I thought, hmmm, interesting, especially as results could not be that far away.

    Now I have to say, tracking back through all previous very good announcements, there was absolutely no indication of a leak before any of these. Volumes and prices were normal immediately prior to announcements. I re-checked this today.

    So its going to be very interesting to see what the results are for this current round of drilling. Previous drilling result was an awesome grade over a long length. I have been holding out in the hope, nay belief, that the current drilling would reveal similar grades. The recent RIU conference presentation said to expect strong news flow. I liked the wording of that, although one can put various interpretations on it.
 
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