I started going through my old posts, but.... I have given up. Some time in the last 2 years the company alluded to using creditors as a buffer for the commissioning period. Or perhaps it was in one of the video presentations. Anyway, as I cannot find it, I will simply say its IMHO.
Oh.... but I did find in the presentations last year, that TIE clearly stated they were fully funded after doing the $130m capital raising..... Only to raise a further $49m late last year. Anyway, I think things are going to be tight, how can it not be. They have basically said there is less gold than expected in the artisanal resources they are mining, plus... small issues with ramp up mean, there is no way they are going to hit 260k for CY 2023, they were very naïve to have ever stated so (just like WAF I suppose).
I only have a very small holding, as I have been burned by developers time and again. Good luck to all holders, perhaps the higher POG is going to be enough of a buffer.
TIE Price at posting:
58.0¢ Sentiment: Hold Disclosure: Held