Shady, I have LT Buy because whether you pay 8.8c or 17.6c a share, doesn't matter too much in the big scheme of things. Ultimately with a big resource, the value of this has to be realised at some time. But when? At least long term.
Whatever happens to European and US debt couldn't change a multibillion resource as long as there is a demand for it in steel, titanium, vanadium, etc in construction, transport and technology. And it's not just from those regions in the world.
So a good part of the risk is when to buy. Do you buy now or wait to pay double on good sentiment... or chance it hoping to pay even less than now? Timing goes both ways.
I'm cynical because we're not allowed to know who the potential Asian investor(s) is so it's fair to say we and TNG are at their mercy. And a lot of areas in Australia seem to be going the way of foreigners. They will pull the strings and when they do, TNG and its share price will get moving.
TNG Price at posting:
8.8¢ Sentiment: LT Buy Disclosure: Held
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