Maybe there is less than a 5 percent chance a junior promoting a disruptive technology will ever produce anything. This is reflected in the share price. Missed timelines and broken promises may just be a natural part of the game, small companies play, when tackling huge challenges.
I think, it is great to have Vimson as a co-shareholder. The Salgaocar family obviously has a very good grasp of the natural resources sector and their trust in TNG is a strong vote of confidence in the project and the technology.
I agree: The remuneration of the MD may be at the higher end of what's usual.
PB however has little control over the share price. This is controlled by the market, including you and me. Low trading volumes suggest, that most TNG shares are tightly held by people who expect the share price one day to catch up with their expectation of the intrinsic value of the company.
TNG Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
