A lot of those proposed acquisitions do seem a bit more irrelevant when you have a complete board reshuffle and Gutnick out. Hence the name change to Myanmar Metals MYL, they want to a clean slate as Gutnick and co ripped off shareholders.
The Long Sheng acquisition was not worth proceeding with after they managed to secure an option for Bawdwin, which has a lot more potential.
I do think the new direction, board and focus on Zinc in Myanmar is a positive change. They still need to follow through on it so lets see how the JORC goes and whether the juice is worth the squeeze.
TND Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held