Agree, though, I like that it was not a total rebuttal, just stated it's not a good enough offer.
As there is no point trying to throw mud on an entity that could eventually end up offering much more (only have to have seen what happened with CDV to know what is possible).
Very pleasing to have the production update. 12k gives TIE a pretty simple target for the next 2 months (just under 30k extra ounces).
I also really appreciate how clear they are being with production information. Grade keeps improving which is key....
45,810 ounces to date, so they need to produce approx 14,600 per month to hit the low end (which I would still be greatly pleased with).
Basically, they need 17% more ounces which.... seems doable if the wet season has finished.
This also gives TIE something close to next years guidance of 170k (basically need 14k ounces per month).
Nice to have hard figures on their financial position too (though have to remember they also had the smaller debt facility convert to script, which reduced total debt by approx $8m USD)
This from the quarterly -
This from today.
Numbers all match up, which... also hopefully means that what is owed to creditors is now where it should be.
Now.... we wait and see if they offer more, or... another party comes in... or both
