Now under normal circumstance I would have probably called a sell on that announcement, but I think TAR is a strong hold for several reasons as we know Klaus is involved and daughter etc….
What new information do we have? well as part of this land deal Klaus will be getting 12 million shares in TAR, he now has alot of reasons to make sure TAR is a success this is the ground floor for him, he got his AVZ shares at 2 cents and sold them for 16 cents, this is his entry price and we got lower.
Whats my opinion on the acquisition? I think it’s a piece of nothing land an excuse to give Klaus 12 million shares, I am hoping TAR gets the manono extensions, AVZ picked up about 6 pieces of land before manono acquisition, I believe this is the beginning of the story not the end of it.
I recommend continue holding for 6 months and I just bought 7.1 cent shares myself this morning to back that up.
This tip has played out exactly as expected buy during accumulation period and wait for game changing news which they delivered.