TKG - Takoradi Limited

[spottygoose]

Re news that might be due, a friend rang the company yesterday (they posted this elsewhere this morning):

spoke to the Co yesterday and I might know why the sudden interest. As you all know SRK consulting is currently undertaking two Jorc resource studies for TKG one in Namibia and one in Chile. The Jorc in Chile is finished and they are just discussing it now with SRK. It will be announced shortly. The Namibia Jorc is also soon to be released as they have nearly completed that one also. Chile will be first.

They are also going to undertake a further study on their Ghana project to upgrade the old pre feasibility study that was done. That will be announced soon also.

So news might be imminent on a number of fronts.

 

[SevenFX]

Sustained trading above 1.5c being high for the day, and higest volumes seen for a long may make little sucker look more attractive, but very causious buyers atm...

Someone take out the line at 1.6c please

SevenFX

 

[moneymajix]

Stocks close out week in agressive mood
31-August-07 by AAP


The most traded stock by volume was software developer Takoradi Ltd with 187.77 million shares worth $2.59 million changing hands.

Takoradi's share price added 0.5 cents to 1.5 cents.


http://www.wabusinessnews.com.au/en-story.php?/1/56305/Stocks-close-out-week-in-agressive-mood

 

[jama_kj]

early market depth indicates that this will continue its run today...wish i had of gotten in earlier on friday but i'll take profits any day

 

[SevenFX]

Jama.

Is no news good news...??? well buyers in depth seem to think so..

Though Depth can be misleading and turn on a dime, esp with share like tkg.

TKG still not released from prenews status...Im guessing some sort of holdup...????

SevenFX

 

[jama_kj]

yeh not to sure what's happening with this one today still in preopen with no announcement...will be very interesting to see what happens when or if (haha) it opens

 

[moneymajix]

Announcements

03 Sep 2007 12:25 ! Exploration Update

03 Sep 2007 12:23 ! Response to ASX Price Query


Current price 1.6c

 

[motion]

it's up 53% , must be some ann.... I'm sure this is all based in South America... time to download the ann and see whats going on... Good luck all holding

 

[SevenFX]

At least a good day for TKG, as market struggles...

Worth the wait, but another immerent speeding ticket looming...???

Though many others have exceeded 100-200% b4 ticket...????

SevenFX

 

[SevenFX]

WOW who's got a lazy $85000 (5mil)to buy at 1.7c... not to mention the 2x3mil orders in front of it... Traders No Doubt...

A traded stock is a good stock, just a faster stock.

SevenFX

 

[krisbarry]

Volume just started to increase again on Friday and share priced also moved back up.

TKG sitting on 61.8 fib mark...looks like a bottom has been signalled. Could see a nice bounce from here.

if the jorc information is true and news comes soon, then lookout.

 

[moneymajix]

I did mention in my ASF blog yesterday to keep an eye on TKG.

Up over 18%.

check out the volume.


Is it a case of "play it again, Sam"?



:band

 

[SevenFX]

I have been In n Out of this one many a times, and hate to say it, but the traders holding this share flip on a dime....

Up Big one day Down Big next day... always have been very edgy holders..

Where many others hold strong desipte traders dump.

But hey if you can make a quick buck...don't let this influence u.

SevenFX

 

[moneymajix]

For those interested in TKG

1.5c, up 15+%

Lot of buying


Takoradi Ltd was the most traded stock on the market yesterday with 71.64 million shares changing hands worth $1.05 million.

Its share price closed 0.1 of a cent, or 7.14 per cent, lower to 1.3 cents.

 

[moses]

Somebody must be serious about this stock. Somebody just bought 30M shares at 0.015, thats $450k in one single purchase.

 

[moses]

And now up 21% from 0.014 to 0.017 with increased activity. How incredibly annoying! I must have been the last person to sell at 0.014 having decided that this stock was going nowhere for a while.

 

[springhill]

MC - $1.6m
SP - 2.3c
Shares - 67m
Options - Nil
Cash - $54k

South America - Peru and Chilean Operations
The company continues to maintain an exposure to mineral interests in Chile and Peru through its shareholding in the ASX listed Metminco Limited. The company reduced its direct exposure during the quarter by a significant reduction in its Metminco Limited shareholding.
For more information regarding the activities of Metminco, please refer ‘Activities Report’ ASX announcement released by Metminco www.metminco.com.au.

West Africa – Namibia & Ghana Operations
The company continues to maintain its mineral resource properties in Namibia and Ghana.
In Namibia, the company’s 70% owned Kuiseb Copper-Gold project is subject to an initial scoping study by SRK Consulting South Africa. An update of the resources and the project will be made available shortly.
In Ghana, the company continues to review its Kutukrom Gold project located in the western region of Ghana along with its Bole Gold project located in the northern region. The company is awaiting the renewal of its licences prior to commencing a new exploration program and/or entering into a joint venture arrangement for on-going exploration and potential development.