TGS 0.00% 4.9¢ tiger resources limited

copper up and rising, page-9

  1. 19,537 Posts.
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    All good points! But do not forget the debt issue is problem here and they have run consecutive quarters of negative cash flow.

    1.1 billion shares on issue, with long term holders scratching their heads as to what the hell they have got themselves into.

    Meanwhile Jonny come latelies will crow what a bargain this is........though it is a different proposition if your average is north of 18 cents.

    Now if this CEO can focus and cut a re finance deal then maybe some bridges can be mended.

    TGS has pissed off the investment banks and fundies. Macq Bank looking like a right royal goose with a buy recco mid January and setting a 24 cent target, only to see a bloodbath a few weeks later. Their new target of 3 cent had vengeance all over it.

    A few other broking types were in the same boat tipping TGS to shine, they were all expecting cash flow positive in the Dec Qtr. TGS won't be cash flow positive in the March Qtr either imo.

    Meanwhile traders making some good coin.
 
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