GREY:TWNNF - Post by User
Comment by
letsgetreadyon Apr 21, 2012 3:09pm
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Post# 19820255
RE: RE: Rumour Buy-out!!
RE: RE: Rumour Buy-out!! TRR is already valued at $427 million..IMG's $500 million wouldn't cut it for TRR given we've traded at or above a $800 million market cap for much of the past year...we don't need to sell..we've alot of cash in bank to continue drilling..about 70 drills holes need to be released also..will add some ounces and prove up indicated resources. we're above 10 million ounces at the end of the day..thats valuable to somebody even though the market severely sucks right now. they'll after to pay much more later when the market has better sentiment for juniors and when TRR has taken this further along and increased the number of ounces above 10 million and moved it to the indicated category.
TRR needs to release long overdue drill results..they're from 2011 for heavens sake..4 to 5 months ago..