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A Different Perspective, page-8

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Suni

3,161 Posts.

746

04/02/22

21:34

Post #: 59370461
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Originally posted by reddeer: ↑

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
d

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So true mate. Really good analysis. How management have been able to sit on such good money, for so long with so little genuine progress being made is wrong. The board think they are smarter than the SH and feel that they have control and will do as they please.

10 years in and still working through the permits? What a joke. The board also has bad business ethics. There is always a sudden surge in the SP a week or 2 before a cap raised is announced. Speaks volumes of their character.

TNG Price at posting: 7.1¢ Sentiment: Hold Disclosure: Not Held
7 Upvote

3 Great analysis

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(20min delay)
Last 5.5¢		Change 0.000(0.00%)		Mkt cap ! $96.48M

Open	High	Low	Value	Volume
5.6¢	5.6¢	5.4¢	$48.80K	883.2K

Buyers (Bids)

No.	Vol.	Price($)
2	148145	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
5.6¢	201382	2

View Market Depth

No.	Vol.	Price($)
2	148145	0.055
3	243140	0.054
1	3700	0.053
4	328797	0.052
2	700000	0.051

Price($)	Vol.	No.
0.056	201382	2
0.057	117197	5
0.058	141451	4
0.059	58548	2
0.060	57600	2

Last trade - 12.41pm 23/07/2024 (20 minute delay)

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