If permitting, offtakes and financing were advanced and we were at a stage where the company was communicating a clear road map, a comprehensible development path then I would see this announcement as a positive. A straight forward exchange.
But knowing how much of the TNG puzzle remains unanswered and the lack of enthusiasm from management I wouldn’t be surprised if BBI takes the lot, they could nab Peake and TIVAN for an absolute song. Im sure the offer would be above the current SP but it would be a poor outcome for those of us that hoped to see this through to production.
TNG Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
