TRO - TriAusMin Limited

[chops_a_must]

Re: TRO - Tri Origin Minerals

tro is looking good, up 18%, at $1,31, not many sellers so far

It seems to range between about 1.05 and 1.30 quite regularly doesn't it? Strange one.

 

[YOUNG_TRADER]

Re: TRO - Tri Origin Minerals

They're going to need funds very soon to continue Woodland evaluation

Could be an SPP @ $1

Or a placement @ $1 (or worse around 80c)

I'm gonna wait to see what they do funding wise before I jump back in, day trades until then

 

[Sean K]

Re: TRO - Tri Origin Minerals

They're going to need funds very soon to continue Woodland evaluation

Could be an SPP @ $1

Or a placement @ $1 (or worse around 80c)

I'm gonna wait to see what they do funding wise before I jump back in, day trades until then

If they started working on an SPP a little while ago (which they should have) then probably the lower end of the scale, which will be disappointing. Like the EVE situation. Although EVE held up pretty well after the initial sell off!

 

[toc_bat]

Re: TRO - Tri Origin Minerals

If they started working on an SPP a little while ago (which they should have) then probably the lower end of the scale, which will be disappointing. Like the EVE situation. Although EVE held up pretty well after the initial sell off!

Whats an SPP? YT how do you know? Is it in one of their announcements or is it your intuition and experience?

see yas

 

[Beethoven]

Re: TRO - Tri Origin Minerals

Whats an SPP? YT how do you know? Is it in one of their announcements or is it your intuition and experience?

see yas

Because they don't have much money atm lol. Looking at financials ithey have around 750k in cash? So a placement is a definite thing in the short term.

 

[Sean K]

Re: TRO - Tri Origin Minerals

Whats an SPP? YT how do you know? Is it in one of their announcements or is it your intuition and experience?

see yas

Share Purchase Plan is given to current holders while a Placement would go to Institutions, or Spohisticated Investors. I prefer an SPP on a company I hold and has obvious potential.

 

[markrmau]

Re: TRO - Tri Origin Minerals

I prefer an SPP on a company I hold and has obvious potential.

I disagree here. To get a company going, you really want institutional support. Sucking off the poor old retail investors is a sign of last resort - and so the SP will continue to decay....

(disc, I hold a position in TRO)

 

[Sean K]

Re: TRO - Tri Origin Minerals

I disagree here. To get a company going, you really want institutional support. Sucking off the poor old retail investors is a sign of last resort - and so the SP will continue to decay....

(disc, I hold a position in TRO)

I agree that institutional support is good, but I HATE being left out of an opportunity to buy more of a stock that I own, at a lower price. Very frustrating that the insto's and 'sophisticated' inverstors get the usually cheap stock.

 

[stoxclimber]

Re: TRO - Tri Origin Minerals

Quote from another forum:

'They raised $100K only 4 weeks ago through the conversion of options. Plus on the 30th September they announced they had $1.35M in the bank and they spent $269K last quarter... at that rate, their money will last until the start of 2008...

That might not stop them raising cash, but it is not urgent..... In fact they will have to some time, maybe the start of next year.
'

 

[nizar]

Re: TRO - Tri Origin Minerals

I disagree here. To get a company going, you really want institutional support. Sucking off the poor old retail investors is a sign of last resort - and so the SP will continue to decay....

(disc, I hold a position in TRO)

Agree with Mark.

Once you do a placement to retail investors, most of those %#%$ immediately dump at market for a quick buck, surpressing the share price and any reaction to good news, often for several weeks.

 

[Sean K]

Re: TRO - Tri Origin Minerals

Agree with Mark.

Once you do a placement to retail investors, most of those %#%$ immediately dump at market for a quick buck, surpressing the share price and any reaction to good news, often for several weeks.

OK, OK, I change my mind and agree with you guys.

 

[nizar]

Re: TRO - Tri Origin Minerals

I was just having a look at this breakout.
SO SO Textbook!
Long term stage 1, then volume surges, price breaks out in late October at 40-50c. 3 weeks later $1.20.

YT congrats for buying at 50c!

 

[moses]

Re: TRO - Tri Origin Minerals

I was just having a look at this breakout.
SO SO Textbook!
Long term stage 1, then volume surges, price breaks out in late October at 40-50c. 3 weeks later $1.20.

Hopefully this is what is happening at INL...

 

[deftfear]

Re: TRO - Tri Origin Minerals

I can't say I'm an expert on these things, but the price rise was on fairly low volume on Friday, there were quite a few 10K parcels that went through. I don't know what it means, but when i saw the price going up on Friday I wasn't getting too excited as there weren't that many shares changing hands, it only needs a sell of 20-30k to go through and we would be back to where it is has been for the last few weeks.

I'd love for someone to prove me wrong, as an increasing sp makes me very

 

[stoxclimber]

Re: TRO - Tri Origin Minerals

Going on another run.

 

[Bullion]

Re: TRO - Tri Origin Minerals

Yeah... a big one...

 

[JoshyJ]

Re: TRO - Tri Origin Minerals

Check the charts this will be up further next week.

 

[hypnotic]

Re: TRO - Tri Origin Minerals

Cup and Handle formation on TRO...

From a charting point of view this might head up to $1.60 next week...

Good luck to all holders

Hypnotic

 

[56gsa]

Re: TRO - Tri Origin Minerals

good call by those above - late christmas present of 26% today for all TRO holders... no news i can find - any ideas?

 

[crazyjimsmith]

Re: TRO - Tri Origin Minerals

good call by those above - late christmas present of 26% today for all TRO holders... no news i can find - any ideas?

CVC have a 5% stake and have been holding down the price in order to accumulate. This stock in my opinion is still way undervalued however I personally would not buy it as I alerted people about it when it was at 50c and plenty have made money since.

The price is rallying now because the capping has ceased and people need to chase the price higher due to a lack of sellers.

Expect more gains on Friday.