TVN

5.88%

5.4¢ tivan limited

Any longs still buying?, page-16

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pjm

22 Posts.

03/07/14

11:12

Post #: 13605322

Originally posted by journeyman ↑

Absolutely it remains a possibility, although the wording over the last few months in relation to financing the project has constitently moved away from raising equity finance to being about acquiring finance with parties such as Korean Credit Agency, off-take partner finance and just general references to have off-take partners looking to sell TNG to third party finance providers etc. Equity raising hasn't been mentioned that I have noticed since Woojin was first announced. Just the fact that we now appear to have many potential sources of finance inherently implies that it won't be via equity raising (i.e., if there is a good level of competition between potential financiers).

Confirmation as to whether or not we are going to be diluted by the finance arrangements will have the single biggest impact on where the share price is going to. TIVAN is a catalyst itself, required for the share price to go anywhere as such, as is ACQUIRING finance. However, if we don't get diluted by the finance, then it might eventually be a value target of SAY $3 instead of $1.

P.S.To answer your original question, my position in TNG is maxed out to the extent of my financial capacity (which is limited to my investment funds and spare cash). I last topped up at 16c a week or two ago. I would probably buy more under 20c, but it is a hell of a lot more than my average of 7.8c.

Expand

I agree with you Jnyman. Little has been indicated with in managements dialogue that finance will be raised through a CR.
I think it will be through an off take partner.

However, if such a scenario were to occur and we do have a CR how much needs to be raised initially and what effect will that have on the current share price and the value of the company further down the track? Thoughts anyone?

I pulled these figures from the TNG website for the Mt Peakes project

Column 1 Column 2

0 Pre-production capital cost estimate: A$563 million

Really do enjoy reading every ones point of view

	Column 1	Column 2
0	Pre-production capital cost estimate:	A$563 million

TNG Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held

1 Upvote

0 Great analysis

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Last 5.4¢		Change 0.003(5.88%)		Mkt cap ! $93.73M

Open	High	Low	Value	Volume
5.2¢	5.6¢	5.2¢	$64.88K	1.178M

Buyers (Bids)

No.	Vol.	Price($)
3	186125	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	295416	1

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No.	Vol.	Price($)
3	186125	0.053
4	3866818	0.052
2	16248	0.051
5	320434	0.050
1	20346	0.049

Price($)	Vol.	No.
0.055	295416	1
0.056	65608	1
0.057	170000	3
0.058	100000	1
0.059	423800	1

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