TMB
TMB
Risks
Pinned straw:
Another junior explorer which is getting hammered in this latest round of sell offs.
Nothing has changed from in the last 3 months with no new material announcements, but the share price has taken a beating this week.
Small parcels being sold into weakness could be a falling knife scenario?
What I like:
- Strong ownership from founder and directors
- Big investment from Tribeca
- $5m + cash in the bank with a MC of circa $12m
- The drill bit is going with results due imminently. This could be the reason the SP is a bit off with a leaky ship?
The below is from the Feb 17th Investor Presentation
For what it's worth, a director has just picked up a small parcel of shares.
Not sure if it's an appropriate point, looking at the depth of orders which can change anytime, there is very little sell orders in which could make it pop on good news?
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