TGN 12.5% 7.2¢ tungsten mining nl

Why is SP up? Consider my post on Quarterly & MOU... WA company...

  1. 1,681 Posts.
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    Why is SP up?
    Consider my post on Quarterly & MOU...

    WA company with significant tungsten and molybderum mineralisation intersected in recent drilling at Mt Mulgine WA Further results due in March. Also deposits Big Hill (east Pilbara) and Kilba (250kl from Karratha)
    Cash at end Dec quarter $15.92m
    Tungsten (battery material) up 55% over the year to Dec. China closures= tightening supply
    MOU with China Fortune 500 company Xiamen (MC AUD$5b,) which gives them the right to purchase the tungsten.
    So far tested at concentrate +55% WO3
    GWR holds 12.6% TGN. Similar directors and GWR Directors are paid in shares
    There has been significant SP upside in TGN & GWR, both receiving speeding tickets.
    Today so far TGN High 54c and GWR High 30c
    Possible tailwinds are more positive drilling news and the MOU becoming a binding contract
 
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Last
7.2¢
Change
0.008(12.5%)
Mkt cap ! $50.33M
Open High Low Value Volume
6.9¢ 7.2¢ 6.9¢ $23.65K 334.4K

Buyers (Bids)

No. Vol. Price($)
1 100000 7.1¢
 

Sellers (Offers)

Price($) Vol. No.
10.0¢ 891 1
View Market Depth
Last trade - 12.11pm 19/03/2024 (20 minute delay) ?
Last
7.1¢
  Change
0.008 ( 7.58 %)
Open High Low Volume
7.0¢ 7.1¢ 7.0¢ 9048
Last updated 12.11pm 19/03/2024 ?
TGN (ASX) Chart
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