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4.9¢ tiger resources limited

Ann: March 2017 Quarterly Activities Report, page-70

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big mahn

12,401 Posts.

94

28/05/17

21:11

Post #: 24957270
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Originally posted by bubby ↑

As scary as these signs are, I just keep reminding myself that the two Todds have 153 million share EACH in this, NAB 100 million shares while the IFC (ie world bank) have circa $45 million in it. The latter investment is important as they are in it to provide a sustainable, positive local impact in developing world projects. They have a vested interest to make this work, being proud of creating 800 local jobs.

There is no possibility of any lender or large investor getting any return on their investment if the coy falls over in its current state. The investment money has been spent and the investment itself (ie copper) lies in the ground. For me it's a case of investors kicking the can down the road until the mine itself is sustainable.

Of course....I could be wrong.

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I had the same conversation with Ryan a few years ago on another stock, he left all of a sudden then the company's mine went on care and maintenance and SP smashed. Not saying that will happen here but there is a very good chance the lenders could put it in VA and try to right the ship somehow

TGS Price at posting: 4.9¢ Sentiment: None Disclosure: Not Held
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