Mining announcements

Why does one announcement make people stand up and notice... and buy while another is totally ignored? Olympic Dam is the biggest uranium deposit and it is near TRF's recently located gravity and magnetic anomaly. TAS recently got RIO to pay for its exploration because deep drilling is very expensive. The risk is also very high.

But the lastest TRF find, adjacent to the first lot of magnetic anomaly, has been shown to contain 41% hematite with decent gold and small amount of silver in it. Yet, the share price continued to fall after the first good announcement.

And if you look at PRU's announcement yesterday, you would think shareholders who sold down today must be absolute morons!

Great! That gave me the opportunity to top up. I like to buy when people are either ignoring good news or shedding their shares.