untouchable 3.8 billion tonnes potash ev $108k, page-6

The course of sales for the last two months highlights a similar theme with trades ie Friday's common numbers were 959 and 041. I have no idea what it means but it has been happening on a regular basis. I believe that if a substantial holder was selling, they would have to advise the ASX if selling over 1%. As a reference, the volume traded on Friday was just under 50K shares from 1% of the company. If there was a large seller, you would assume they would sell into that large 486K buy order that surfaced recently.


The heading of this thread is currently wrong. As it stands today, the undiluted EV is back towards minus $372K. I have also used a conservative cash balance at the end of March Qtr 2011.

The share price is currently tracking RAD movement. I wonder what will happen to TRH if RAD pushes closer to $1. I can keep you all updated with TRH's EV if that scenario plays out as all the information is currently in a spreadsheet.

Maybe there is a good play for a Hedgie, Larger trader or Speculator? Assuming RAD @ $1, then if all things were to stay the same, TRH would have an undiluted EV of just over minus $20 million. At $0.76 the undiluted EV would be close to where it is today. 2 shares that could more than double rather than just 1. The only problem with this possible strategy is purchasing enough shares in both companies.

RAD should be close to drilling now and would have substantially increased their magnetite exploration target with the acquisition of SXG's iron ore rights.