"Maiden JORC is still a few months away, and first drill result is likely 4-6 weeks. Might range trade 80c-110c until we are shown the Potash. Then on-wards march to $100M.
If the first drill is a miss... Ouch! Will collapse. But that doesn't mean all is lost. TRH have a huge area to chew up.
Patty-radamas has spoken LoL!" - 30/8/11
This other post was also interesting because "as per usual" old pattyp gets politely told he has no idea.
"I'd prefer to see it chill-out a lil'... Maybe consolidate and form a base around 80c-90c.
Hate it when stocks run too hard... Almost always ends in tears." - 30/8/11
And its why I don't bother posting... If your content isn't all "Whoosh, whoosh, buy, buy, buy" then no one wants to hear reality and no-one wants to learn.
For the record, I was extremely pleased to see Potash was hit and I think more drilling will prove fruitful. This is still super early days.
BUT TRH has now sustained a huge set back from a trading perspective. Its highly unlikely to have a significant recovery in the short term. Party is over and now we need to get back to work and deliver some "business" results.
Good Luck folks.
TRH Price at posting:
95.0¢ Sentiment: None Disclosure: Held