The Image on the left is from TRH's 22nd Dec announcement and the image on the right represents coal fields in Colombia (Internet).I would like to see an update from TRH regarding any previous exploration on this ground. This deal must be approved by shareholders first and management should supply shareholders with substantial information including an exploration budget, plan to produce/TO, timeline and previous exploration results. The concessions are expensive to hold.
I am not sure what is happening with the DD. Is there any chance that this Potential coal deal could be sparking interest. Or is it the RAD holding and Potash project? I have some concern regarding the wording "may acquire" in the quarterly.
The resource target concerning the last parcel of performance shares is;
"And 5 million fully paid ordinary Transit Shares on the publication of a JORC compliant Total Resource of at least 2 billion tonnes in respect of the Cordoba Project, of which at least 500 million tonnes shall be in Indicated Resources and at least 200 million tonnes shall be in Measured Resources, with the average quality of raw coal being no less than 9,450BTU on an As Received basis."
TRH Price at posting:
38.0¢ Sentiment: None Disclosure: Held