It's always hard watching the share price stagnate at such abysmal levels. Potentially 6 months from a FID, with everything the company has got going. It does not make sense.
Which is why, it is my opinion that, the share price has been kept very low by big interests to buy out the Mt peake project as cheaply as possible. I've even been told by top 20 holders they suspect this. It is outrageously undervalued.
The only reason I am concerned about the sp being so low is that if there is a takeover offer (strategic partners ft KPMG) then we are getting shafted, even if they offer 20c. I hope the board won't give this project away and expect praise because they got a 100% premium from the current sp. It's not going to fly.
I see mt peake being sold and TNG energy being the core business.
TNG Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
