Agree with GoldBug that investors have turned negative on the sector and taken capital off the table. This does present some opportunities to pick up quality companies though.
I would say on the positive side, KLL’s most recent comms, this past week, gave some confidence they will address the teething issues in the commissioning phase and see sales in Q3 CY22.
TMG is still some distance (risk and time) from production. Being the other significant factor to the large perceived discount to NPV.
I hold both TMG (still accumulating) and KLL (recently entered).
Some posters prefer to buy the TMG options (eg TMGOC.ASX). You may want to look at those.
J
Ann: March 2022 Quarterly Activities Report and Appendix 5B, page-5
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Last
3.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.10M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 4.0¢ | 3.3¢ | $1.934M | 53.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1049998 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 1945146 | 6 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| TMG (ASX) Chart |