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8.70%

5.0¢ torian resources limited

Additional acquisitions will spread the cash focus too thin,...

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CashedUpBogun

5,669 Posts.

96

10/09/18

15:17

Post #: 35499734
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Originally posted by Gwaihir ↑

From 8c to 3c and then they have a capital raising.

How many shares do the directors own?
I can't see any director buying on-market in the last couple of years.

I hope they don't do something stupid like give away 100m shares @ 2.8c

And I hope they don't take the opportunity to define new performance bonuses based on the low share price.

They need to get lucky with the drilling.

And I expect they need cash for the recent acquisitions, and for testing the dumps.

I also expect they have their eye on additional acquisitions.

Gw

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Additional acquisitions will spread the cash focus too thin, meaning targets will not be tested effectively.

Will be interesting to see how they plan to focus these funds. MC is abysmal.

TNR Price at posting: 3.3¢ Sentiment: None Disclosure: Not Held
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