I have been posting warnings about this company for a year now and have pretty much seen things go as I expected. The company had good prospects of success, but the board have been misrepresenting the situation to the shareholders since May 2023, when it was clear that they would never get access the required ores, and ignored sound technical advice that they had overreported available leachable copper resources for the copper sulphate plant by a factor of at least 500%. This is what happens when the leaders of a company surround themselves with "yes" men, the total destruction of shareholder value, as in such situations, anyone who might change the course of this company by providing competent and truthful advice is rapidly removed. The situation is not atypical, as you will notice that the major investors will now substantially increase their holding at a very low price, which is why they allowed a short term loss to occur. I just wonder what the payback is for the board members.
TNC Price at posting:
5.9¢ Sentiment: None Disclosure: Not Held
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