On paper, you could argue that we're actually in a worse position than TNG was. TNG had a plant to build a plant at a site were we already had mining approval and a clear strategy to production. With TVN, we switched back to a site where EIS is questionable (historically), we moved the mine site to another location so it seems like we're starting from further back than TNG.
Obviously, with hindsight and with new team looking a bit deeper we can see that processing plant at Peake wasn't going to work and economics of a low grade would put pressue on IRR.
All we have now is a strategy, and nothing will move the needle until we have something concrete that shows strategy execution is actually a thing at TVN.
Us long term holders have faith in GW, but you can't take faith to the bank unfortunately. Us long term holders also have not many options unless we want to realise our paper losses, so we continue to sit, and wait, and hold the faith.
TVN Price at posting:
8.4¢ Sentiment: Buy Disclosure: Held
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