Most mining companies have their hands full operating a single high quality project, especially of this size.
Paul Burton is now stating his board of two are developing and planning to operate:
1. A world class mine. 2. A world class refinery with patented novel technology and; 3. Run and operate a Vanadium Redox battery business to supply Australia, including making VRB batteries and electrolyte. Not to mention the green hydrogen initiative.
Talk about spreading yourself thin when you haven't completed any one of the above. I am close to a top 20 holder and lost all faith in this company. Been around for too long to get excited about more hiring of more consultants for more reports. All reads to me like Paul Burton is once again great at making it seem like there is a lot happening. Nothing material has happened, FEED still not complete and EIS still up in the air. 5 years later.
Of course it is good to capitalize and pursue opportunities like the above mentioned but you needs to actually complete milestones from 5+ years ago and not have 50 spinning plates. Come AGM Paul Burton needs to be sacked including Paula and John Elkington.
TNG Price at posting:
7.3¢ Sentiment: Buy Disclosure: Held
