TNG holder since 2014. First bought in at 8.8c but also at 18 and 21c. Average 12.5c. Have read just about every post and announcement since then. There clearly have been delays and disappointments for shareholders along the way particularly when the company was expected to be in production by 2016. This project however has turned into something quite mammoth that no-one would have expected from the outset.
Despite the delays and the complexities of getting this all together the company is now 95% there. FEED, EIS and most importantly Finance approvals now needed to basically close the deal. Most boxes ticked off after some 10 years in the making.
Time to cut PB some slack. He has brought this project to a near conclusion. Sure he would have made mistakes along the way, time-frames being one of them but hey time now to relay some positive sentiment.
2021 is looking to be THE year. Still some work to be done but PB has got us this far with finance the last hurdle. KfW will be up to speed with debt level. SMS are showing ongoing support. 100% off-takes are held. Proposed full debt repayment is 2.8 years.
NT need the jobs. Lots will be available in Darwin and Tennant Creek once this comes to fruition.
Time to look forward. Good work PB. Shareholders will be rewarded in due course.
Good luck to all. All imo.
2021 what to expect, page-186
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