based on the 2019 annual report, 2020 will be another year of excuses from management re market too bad, unexpected conditions at the mine and weather etc.
major change RE port operations looming as TIG claims to be ready to operate port on their own. probably will save (or lose?) a few bucks on a ton.
generally cost base is up, notably payroll and g&a shooting thru the roof with minimal revenue product increase.
with no wash plant in site, just wondering how much more of that reserve (not updated since 2015) is actually mineable and sellable material, and whether there is enough product coal for another year.
too many questions, too little answers.
Looks very much like supportive shareholders being taken for a ride by management.
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- Ann: 2019 Annual Report
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tigers realm coal limited
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Ann: 2019 Annual Report, page-2
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