Trek, did you not read H1 operational update? All you mention has already been reported. 9p divi is better than many thought. Suggests business performing well currently
It's easier for them to let others take the exploration risk....
Lets hope it's a success, otherwise we'll struggle to see a return. I would imagine there'll be a surge in TRU share price when exploration starts post deal completion. If they can replicate Marathon's results this will be worth many multiples of current valuation. Let's hope that ORM screening process was as vigorous as they conveyed!
Orm will probably need to exercise their warrants to maintain 36% plus given the number of warrants outstanding, however i note that management have left enough cash/receivables to cover this conversion in future.
It was on AQSE previously as my platform bought through Aquis. Minimal cost to list and little regulation. Liquidity won't be great but it wasn't on AIM to be fair.
This is all on tru project now. Marathon going into production in 2 years....will they buy tru out on decent resource upgrades? That's what we need to see
It'll be about as liquid as it was when it was on AIM.
This is all about suring up some significant gold and copper reserves at the Golden rose project and then seeing which of the much larger mining companies on either side want the asset. Note: Marathon Gold to the east are already building a mine and have a valuation of over £150m!
Very much worth listening to presentation just completed. I'm the most bullish I've been now since inception. Likelihood of further acquisitions this year extremely high. Very happy investor.