This"bridging finance", with Taurus ,at high rates, should never have been sought, if there was not a better financing solution ,or cash payout, available within 6 months or so. It's like getting a great product but having to pay pawnbroker rates to attain it. I would love to know who really pushed the Gecamines payout, as we obviously did not have the cash, or access to reasonable finance to buy out, a worthless, struggling "partner"! Time is ticking, and grid power, financing,are issues that need solving by years end. TGS management did well to set up a mine in a challenging environment, but have dropped the ball , a lot, in the last year.
TGS Price at posting:
7.4¢ Sentiment: None Disclosure: Held