Pin Drop, page-41

I've been watching TNG for a long time, and have a fair bit of my portfolio now tied up in it. Here's my take:
- It's all in control; taking slightly longer than anticipated but that's TNG.
- The 'Chinese sell down' was directly related to the negotiations that are taking place over finance. This is just a guess, but I reckon the sell-down was done to f--k the SP/take profits in the short-term to try and get leverage; PB is playing a long game, called their bluff and now the seller is hanging on to their remaining shares because they know the upside is coming. I could very well be wrong on this, and probably am.
- Finance will be announced prior to Christmas, but will probably be December.
- PB doesn't deal in lots of micro-announcements. He's close to getting the deal done and is confident (as am I) that the SP will hit a new high when the announcement is made and the mechanics of a re-rate mean that the current SP is mostly irrelevant.
- PB runs a tight ship and it doesn't leak.