as I have stated many times, it is all about financing Mt Peake, and I am not confident of that. I would be very happy if the MD can achieve it, but I think it is only a 10 to 20% chance. I also do not think it will be completed in the next 6 to 12 months, so that does not suit my investment style.
Nothing I have seen written down has altered my view on this since I started another thread last week.
Unlike several other parties on this site, I personally do not have confidence in certain Board members, but I do not want to make this a personal matter.
Personally I also have many unanswered questions about TNG and I am not convinced we as shareholders know everything that we should know. Time will tell on that front. There is no need for me to keep harping on about it as I have made my point.
so I continue to slowly sell down when there is volume, without killing the price. I do feel there will be some short term upside in the stock at certain times and I certainly will be selling into that, along with several other shareholders that I know off. That pattern has happened several times in the last year.
I happily did not take up the SPP.
I hope that answers the question
UM
TNG Price at posting:
3.7¢ Sentiment: Sell Disclosure: Held
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