At these levels I suggested to a Brisbane friend that TNG was...

At these levels I suggested to a Brisbane friend that TNG was worth a look. He asked a broker at a major firm for his opinion.
The broker new little about the stock but did some research.
1. Too much money being taken by Directors for such a small cap.
2. A huge capex for these current times.
3. Consistently missing timelines, sometimes by years.
4.Why cash raising at discounted prices.
5. Potential competitors who maybe more nimble.
6. Too many ifs make this very hard to recommend.

Bottom line . Many more small cap resource stocs with capex circa $250 million with less risk andbetterchance to show a positive return.
That said; my friend is looking elsewhere but I am still taking smallbites ar these levels. DYOR
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