Someone on one of the TRH threads drew a comparison to an oil and gas company re drilling and results etc.
I would have to agree on that point - it does have that feel.
During the last year or so, quite a few investors (including myself) bought into an oil and gas speccie in the 1.1 cent to 1.4 cent range. Price retreated to 0.9 cents briefly, drifted back up to 1.2 - 1.4 cent range soon after. Then, within not much more than a month, with a few good announcements re drill results and future prospects for the company, the share price shot up to 4.8 cents!
This reminds me a lot of buying onto TRH at say $1.10 - $1.40 per share and a retreat to say 90 cents. Potentialy it won't take much demand to get back up to say $1.20 - $1.40 then, with the right announcements, up to the $5.00 target as has been mentioned. Remember, there are a low number of shares on issue so in relative terms at least, it should actually be easier to achieve than the oil & gas company example I refered to, given the very large number of shares they had on issue at the time.
Remember - always DYOR!
TRH Price at posting:
91.0¢ Sentiment: Buy Disclosure: Held
