Ann: Half Yearly Report and Accounts 30 June 2017, page-20

First 20 Last

Share
Profile

Follow
spid81

15,879 Posts.

6835

27/10/17

13:31

Post #: 28254354
Share

Originally posted by Nikec ↑

Hi Big,

Always a pleasure to hear from you.

A couple of things ive noticed over the years, when a cap raise is done to pay off debt you see a gradual increase in the share price over time, as the money is used to eliminate dent and therefore risk. You start getting a lot biger retail holders and smaller institutions joining in the fun.

Think of it this way.. TGS is borrowing from the investors to pay of debtors, in essence by participating in the equity raising, we help eliminate debt which is currently at a rate of 13%+ This then ensures that more money is saved and left to the shareholders.

My thoughts on the report:

1. I was somewhat disappointed that they placed 5mil of VAT in bad and doubtful debts, find it quite unfair that the DRC is happy to make us pay tax but wont repay us VAT.

2. Really good to see that insurance installments are coming in, likely supports our case that they are liabile and will thus repay the financial damage done.

3. Good to see plant is fully operational again when copper is at $3.15

The annual and half yearly reports really contrast what a grave situation TGS has been in the last 6-12months. I couldnt find anything about mining and the recommencement, hopefully the quarterly sheds more light on the question.

Expand

Nikec, this maybe a silly question

With TGS LOM, Is it as simple as TGS doing more drilling to moving our indicated resource to Measured ?

The Table below is from TGS cobalt scoping study,
using a very Simple calculation,
Total resource 894,000T / 32,000 tpa = 27 Years LOM

TGS Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

PL3

Patagonia looks to raise $2.15M for South American exploration and development

MSB

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

SPR

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

OCC

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

SRL

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston