S39, it all comes down to a finance deal on Mt Peake...simple as that. It will not be a Bank; it will be a large entity for which the project hits certain hot buttons, whether that be the end product, the engineering, whatever. I know that a lot of ground work has been done to that end. We just need to trust that the MD can get a deal across the line which makes sense and delivers the goods. With the drop in the A$ the NPV and economics must be looking better and better.
If you can, take a deep breath, relax and don't watch the share price too much the next little while. That's what I plan on doing. I have over 4m of these things now, and it drives me crazy watching the share price slip, but there is little I can do, but hope the MD is going to kick some serious goals for us !!
Given Mt Peake is worth, on paper, $3b and given the low market value currently of TNG, you would expect there is some decent upside here.
There is always the possibility this will never get off the ground; but I have a sense it will. Time will tell, and the clock is ticking. The Board know a deal on Mt Peake is paramount. It really needs to be consummated in the next 9 months at worst.
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Last
5.0¢ |
Change
0.001(2.04%) |
Mkt cap ! $86.37M |
Open | High | Low | Value | Volume |
4.9¢ | 5.1¢ | 4.9¢ | $119.9K | 2.412M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 86483 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 75153 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 86483 | 0.050 |
2 | 74629 | 0.049 |
7 | 589792 | 0.046 |
14 | 1120247 | 0.045 |
1 | 20000 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 75153 | 1 |
0.052 | 250000 | 1 |
0.055 | 82510 | 1 |
0.057 | 25000 | 1 |
0.059 | 423800 | 1 |
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