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TMG - Trigg Minerals

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$0.099

Trading halt is requested pending the release of an announcement regarding assay results from Trigg’s maiden exploration program and the discovery of a new zone of mineralisation beneath the Flagstaff Formation at the Antimony Canyon Project;
 

I'm starting to wonder about these guys, three days trading halt for drilling results
 
Boggo said:
I'm starting to wonder about these guys, three days trading halt for drilling results
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Although my experience is not as vast as some on ASF, one often with maidens has to wait just that little bit longer before the fruits of exploration can be enjoyed.

gg
 
Dora Kent said:
Today is Tuesday. TH end is Thursday latest.
Usual 2 days max
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May reopen on third day. Is that ok ?

TMG has been popping out announcements at regular intervals but the price hasn't gone anywhere since early June and I want more profit .

 
There are a group of vloggers called Money of Mine who seem more like clowns than commentators, but I think they want to be taken seriously because they are earning a crust from their chat show.

They do a daily newsletter and in today's they posted an unsubstantiated rumour that Trigg's Utah tenaments had been subject to some claim by someone else. No details were given, just a rumour. They took it down some hours later. I wonder if they got a threatening phone call from Trigg's lawyers. It would serve them right if they did.
 
The company did a really good investor webinar yesterday, I can't post a link unfortunately, but perhaps they will put one on youtube.
There is a serious amount of activity. Andre was in Utah and Washington talking to just about everyone, from a public meeting in the locality of the exploration area, to region, state and federal officials, contractors and enabling partners. Still aiming at a proper US listing in months not years.
 
I'm sure this'll come back to life once whoever has their foot on its neck, takes it off.
This is the weekly price, the lowest price per week keeps increasing, but it never stays high for long, and it usually finished the week at or near the lowest point for the week. Take that into consideration if buying on a Friday...
 
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Classic strong pennant formation.
Probability states around 67% chance of break out.
 
Any and all day traders have been ambushed several times since June by swift and ferocious dumping in volume, which has tended to calm things down a bit.

Work on the ground in Utah is coming to a head, this means that time is running out. I'll tentatively say (at zero risk to my capital, but maximum risk to my reputation(!) ) that September is the month when they release the brakes.
 

As a famous politician once said "please explain".
They haven't started drilling yet and when they do it will take ten to twelve weeks minimum to get first results.

Can you expand on what you mean by "release the brakes" ?
 
I though trading halts could only go for 2 trading days on its own.
I think they can extend another 2 days, otherwise or after that, suspension from quotation.
I've looked at trade rules before, but gee, mind numbing stuff, didn't get far into it.
 
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