Looks like death spiral funding for Asipac to take the Algerian assets off TZN's hands, and leave any existing TZN shareholders holding the bag with some old assets in Adelaide to be privatized by a property developer in Adelaide.
Looking at the TZN board you can see where this is going from a mile away:
Sheng and Xingyu to take the Algerian assets off and develop them into a separate Chinese ownership structure for Algeria McGuinness to get all the land rezoned and sold off for real estate value with a sweet deal to bring in Green Industries SA Kennedy for retirement - finally getting the final payoff for the epic long association of Tala Hamza Sicilioano to make sure all this happens without any tax being paid or any capital return for TZN shareholders
Everyone's plans & future are all set up nicely, except for the long suffering shareholders of TZN who will get left holding the bag and the enviro liabilities from the SA mine sites.
TZN Price at posting:
3.1¢ Sentiment: Sell Disclosure: Not Held
