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TGS

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4.9¢ tiger resources limited

Sale of Tiger's Kipoi Mine ?, page-2

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Hotfire

19,649 Posts.

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16/06/15

01:19

Post #: 15471858

Originally posted by madmacs ↑

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1 DJ Is a Sale of Tiger's Kipoi Mine on the Cards? -- Market Talk

2

Column 1TGS

| | $0.087-$0.001 (-1.1%)| $0.087$0.09[/table]

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1 15 Jun 2015 12:05:50

[/table]

0205 GMT [Dow Jones] UBS wonders whether Tiger Resources (TGS.AU) is mulling a sale of its Kipoi copper mine in the Democratic Republic of Congo. The mining company's main option up to now had been a refinancing of its existing debt, underscored by talks with its lending syndicate being advanced. "However, we are concerned that (management's) comments regarding refinancing only being an option if available on acceptable terms are a precursor to management not going ahead with the proposed transaction," UBS analyst Jo Battershill says. "In this case, a sale of Kipoi could be on the cards." UBS rates Tiger a buy, but notes that a key aspect of its A$0.20/share valuation and investment thesis is a completion of the Kipoi mine expansion to 50,000 tons of copper per annum. It believes the mine expansion is a high-return project. TGS last traded at A$0.09. ([email protected]; @dwinningWSJ) Editor: KLH
(END) Dow Jones Newswires
June 14, 2015 22:05 ET (02:05 GMT

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Appears to me that TGS management are tossing some live bait to seek if they can hook a JV or takeover, need to do some research and find who is next door to Tiger.

TGS Price at posting: 8.7¢ Sentiment: Hold Disclosure: Held

4 Upvote

0 Great analysis

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Sale of Tiger's Kipoi Mine ?, page-2

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Buxton projects new graphite province discovery at WA Narryer play

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BCI reaches close of funding facility for salt-first part of Mardie project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

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