The Chinese have attempted to take advantage of Tiger, thankfully the transaction has been terminated. I strongly believe that the TGS management team have found better alternatives than the one offered by the Chinese. In my opinion, i think that the transaction has been terminated due to the production improvements that have recently occurred, i guess we will find out in a few weeks once the quarterly report has been published.
I have seen a few people asking, well when will the share come off suspension? ASX doesn't allow corporations to have their shares being traded if the company encounters liquidity issues. Once the production is sorted and the financing and cash flow has been resolved we will surely see TGS shares trading hands once again.
GLTAH
DYOR
TGS Price at posting:
4.9¢ Sentiment: Hold Disclosure: Not Held