dubiousinfo said:THX is up nearly 100% this month on drilling results for nickel & a new platinum discovery. Up 15% today on volume of 3.5m. No news since discovery on 17 Aug & briefing on 21 Aug, but support just seems to keep coming.
Any thoughts on where this might go to??
maffu said:Well the announcement came out and sent the price down ~10%.
I was hoping for some good news as i was looking to invest in THX again after previously exiting at .33c and regretting that move plenty.
Did you get back in? I hope so..... you should have used the drop as a chance to re-enter.
Target is 50cents ..... the oppies are a good leveraged entry
LifeisShort said:I can't believe this stock has no followers on here so here goes...
Undiluted Market cap = 47m
Projects = Copernicus which Thundelarra has a 40% interest with a 60% JV with Sally Malay. This will be mined early 2008 which is about $40m value for THX (only the open pit....value is greater for underground operations).
Lamboo which has returned some very promising intercepts in platinum group metals.
Other projects have also very interesting grounds which include zinc etc
The jewel in the crown could be the spinifex uranium grounds which returned samples of 13% uranium.....these results (they have concentrated on these first) are getting ready to be realeased to market very shortly.
They also have over 8mil in cash.
Strong momentum and volume for THX today, unusual price action and support depth IMO.
Wouldn't be surprised if it runs shortly