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TYX - Tyranna Resources

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I've picked TYX in the November Tipping Comp. It's had a great run over the last 6 months but will it continue it's merry run towards Xmas, only time will tell.
Over the last 6 weeks it looks like it's tried hard to fill the gap (chasm) that @frugal.rock spoke about but with that nice bullish bar with above average volume on the 18th Oct it gives me hope.
Volatility has tighten also, so looking for a move soon for it to continue it's merry run to the upside.

 
Pretty sure read just recently that this was NI’s stock of the year.
The latest announcement from TYX states they have a drill in the ground with a few holes to be on the go.
It might be to early this month for some assay results however December might be very interesting.
Reading initial reports pre drilling, rock chip results are quite encouraging.

The chart shows an encouraging slow rise upwards halted now awaiting assay results.
I took a small position in this last week prepared to hold a while if the initial drilling is successful and leads to a wider program.
 
TYX released the drill . Next investors pumped the result. Market had different expectation and it dumped the stock .
 

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  • Lithium-mineralisation-intersected-at-Muvero.PDF
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Ouch, just looked at my stocks for the first time today.
Just read the announcement they put out, it would seem the drilling period may extend due to water run off which could delay the assay results.
The fact they revised the drill plan for follow up drilling is a positive for me.
The following statement from the company is what you need to hear.
Tyranna Resources Ltd (ASX: TYX) is very pleased to inform investors that drilling at the Muvero Prospect is progressing and spodumene is visible in drill-core (Figure 1).

Looks like a lot that joined the lithium bandwagon bought in for a quick return, there is a long way to go yet, so will continue to hold for full assay results.
 
Thanks mate
 
Technocore said:
How big a deal is this new ceasium discovery ?
Click to expand...
When you don’t really have great news but you have to put some news out, find something that makes ordinary news a bit better and more exciting.
It didn’t work TYX tanked, no doubt NI will give it a pump over the weekend so we may see it rise again into the 3’s
 
Not sure where the FA is with this, but it has been twitching.
No volume signs, but supply is thinning out providing a potential quick runup, before supply catches up.
Will have to catch up with the FA homework...

 
News just out.

Tyranna ready to complete Sinomine transaction

Tyranna Resources Limited (ASX: TYX) (Tyranna or the Company) Advises that in accordance with the terms of the Subscription Agreements executed and announced on 4 May 2023, all conditions precedents have been satisfied or waived and the Company had been advised by Sinomine that payment has been effected.
Upon receipt of cleared funds, the Tyranna intends to complete the transaction.

Not held.

 
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