Agree with your point of view. I was quite surprised at beginning as they use the word “avoid “ ( of Tietto) but anyway one brokers view wouldn’t alter my owe assessment of the fundamental of TiE . The fundamentalist of company is still vary sound disregarding equity or debt funding of the Abuja project. And I think current share price weakness, is providing a good buying opportunity. … one thing is quite sure , with equity funding replacing debt, this in turn would remove $170 million something debt amount from balance sheet, so as to the valuation calculation of the company !
TIE Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held