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Tearlach Resources Ltd V.TEA

Alternate Symbol(s):  TELHF

Tearlach Resources Limited is a Canadian exploration company engaged in acquiring, exploring and developing lithium projects. The Company's projects include Georgina Stairs Project, Pakwan and Margot Lithium Projects (Final Frontier), Wesley and Harth Lithium Project (New Frontier), Gabriel project, Rose Fliszar Muscovite Project and Shelby Project. The Company has two key projects: lithium pegmatite on Georgina Properties, Jellicoe, northern Ontario and lithium claystone on Gabriel Project in Tonopah, Nevada, bordering American Lithium's TLC Deposit. The Georgina Stairs Project's (1085 cell claims) claim block is approximately 22,900 hectares and 26 kilometers (km) long by 12 km wide. The Gabriel property consists of around 3920 acres of unpatented mining claims (196 lode claims). It also has the Savant Property, an exploration stage Gold-Silver-Copper Property, in Northwestern Ontario. The Company has staked certain claims (Rhyolite Peak) located in Nevada, United States.


TSXV:TEA - Post by User

Bullboard Posts
Comment by ss1867on Jun 01, 2011 10:31pm
210 Views
Post# 18659838

RE: what's taking them so long?

RE: what's taking them so long?I`m watching with interest, my guess is that with the amount of litigation involved with these high priced American lawsuits that we are still very much in wait and see mode. Management is not forth coming with any insights or updates...maybe because the oil properties are a very tangable asset and they don`t want to garner too much attention on their acquisition game plan. Remember that the judgement is more of a leverage tool to acquire the Kern property, once they get title free and clear their are apparently suitors in waiting for outright purchase. My understanding is that management has no desire to put the property back into production, nor do they expect to recieve any financial compensation...however this is old hat and maybe the strategy has changed. Another penny of downside = 20%, surely this would tweek some buyer interest...but this is still looking mighty risky here. Market needs an update...not another mis-worded news release to fuel another P & D, mis-guided investors will close the book real quick on this one if they try to pull that crap again....then it`s in the toilet for a very long time until someone hits the flush lever. Are there any plans for the Ontario nickle holdings that we are aware of....minimal expenditure committments to hold the leases in good faith is my bet. These guys are out of $$$$......everything is hinged on Kern. 
Bullboard Posts