Option 1) they will relist with most issues fixed minus the debt position and within a few months do a recapitalisation on market. The price at relisting will be higher on account of the copper and cobalt price. This is my preferred option and I'll wait for the recap to buy again.
Option 2 which is more likely, they will recapitalise before listing at a high discount. This is bad and they better give retail investors the same deal or we have to buy on day 1 of relisting...
In either instance, the best thing they could have done was stay in trading halt.
The best thing for us is to do is keep buying.. It's a long journey to invest in mining, the asset has not changed one bit nor has the investment rationale. Yea sh"t circumstances but hindsight is perfect vision.
TGS Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held
