TSL

I last looked at Titanium Sands in the middle of July. These guys are exploring in Sri Lanka and are being frustrated by the hold-ups and bottlenecks in dealing with the various levels of government. This means the project is going slower and costing more than was hoped or anticipated. Even the landowners seem to be getting nervous.

I reckon they are going to have to raise cash very soon and I don't see that has happening any other waay than through a share issue. Current price is 0.7 cents and there was zero volume on trading yesterday. That says a whole lot. If they do launch a cash raising through an u=issue of shares, look for the price to drop to around 0.5 cents.

That said, I wouldn't buy. They may indeed have the right land, but the delays and the significant lack of information coming from management would indicate that any cash put in would be tied up for a long time, almost certainly many years. And if the delays continue, there is a risk that it all just folds up and the share pice plummets even further until someone comes along (someone with deeper pockets) and buys the lot.

Yes, I have been there before and not willing to jum back in to that type of situation again.

I will check back in 3 months to see how they are progressing, but not a lot to see here. Move along.