Today drop on good news
Yesterday we had a raise on bad news.
Today we had a bad news on good news.
Regardless how people spin it. Today's is a good news. Any problem with Inferred resources? Not if the resources increases. Expected to have reserve instead? We need in-fill drilling, but do we have it? Thus only inferred is possible if this is new discovery. What is the problem? To get to reserve? More drilling in between holes. That is simple, and relatively risk free.
Thus, regardless how people spin it, yesterday's is a bad news -- another failed JV. May be TRGD has new money from failed JV, but anyway, the JV failed. Money yes, but time wasted, and thus opportunity lost. So, overall is negative.
But I am concerned that TRGD cannot rally on good news. Maybe tomorrow will be another day. Let us see tomorrow.