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4.9¢ tiger resources limited

Ann: Tiger secures $US18.2M Funding, page-30

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gsmi086

742 Posts.

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26/09/17

16:04

Post #: 27467727
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Originally posted by ilyas ↑

For me, it's negative and positive. Negative in the sense that TGS took additional debt of 18.2M with unfavorable terms. Positive in the sense that the lenders are still supporting the company, otherwise they could have pull-out the plug long ago. The statement from Brad suggesting some operational improvements and we yet to see what are these. It might be possible they have made some progress otherwise there was no reason for the lender to put another 18.2M on the table. Let’s wait for the quarterly to see in what direction production and ASIC is going. Still a 50/50 chance of survival…L

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I think the terms are favourable. The money will be paid back once the raise is complete, so the bullet payment reflects in intent and for the interest is commensurate with project risk.... Or have I missed something?

TGS Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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