TG1

7.69%

2.8¢ techgen metals ltd

Forgot to add that TG1 still has close to ~$3.4m cash in hand...

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hkhf

2,064 Posts.

906

12/02/24

14:05

Post #: 72360991
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Originally posted by hkhf: ↑

For a circa $4.8m Mcap TG1 has six major projects in NSW and WA in metals of great variety:

Among above, the permits for Stage 3 gold drilling program for John Bull Gold Project have been received; IGO continues planning for the upcoming field season at the North Nifty JV Project in the Paterson Orogen, though Rio Tinto has withdrawn from the Joint Venture at the Harbutt Range Project (due to current Nickel price ?).

TG1 has a relatively small register still even after the recent $2.79m raise (last Nov) - circa 127.1m total SOI plus 8.2m performance rights and ~35.1m Options (among them, circa 22.6m options have exe price in 20c (exp in 2026) and 30c (exp in 2024); plus the newly issued 12.5m options ex 12c exp in 2026).

Personally i like John Bull Gold Project (from surface, relatively decent size, long intercepts though in average/lower grade; understand the stage2 drilling results were not as good as stage1 hence the sp drop at the time?):

For a company of mere $1.4m in EV?.

In at these levels for a punt in anticipation of some/possible left-field news being such large tenements with great variety in precious/base metals as well as having enough fund for the time being (enough to last three quarters to say the least?).. Pls dyor and glta.

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Forgot to add that TG1 still has close to ~$3.4m cash in hand after the raise and December 2023 Qtrly. Personally i like their tight/frugal style in spending in each quarter: e.g. in Dec 2023 Quarter: $116k in admin/staff cost and $170k in exploration related; in Sept 2023 Quarter: $191k in admin/staff cost and $485k in exploration related plus tenement fees; in June 2023 Quarter: $236k in admin/staff cost and $367k in exploration related; and in March 2023 Quarter: $123k in admin/staff cost and $158k in exploration related. So quite reasonable as well as consistent to say the least..

TG1 Price at posting: 4.2¢ Sentiment: Hold Disclosure: Held
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Last 2.8¢		Change 0.002(7.69%)		Mkt cap ! $3.588M

Open	High	Low	Value	Volume
2.6¢	2.8¢	2.6¢	$9.446K	357.5K

Buyers (Bids)

No.	Vol.	Price($)
1	13721	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	79009	1

View Market Depth

No.	Vol.	Price($)
1	13721	0.026
2	155000	0.025
2	174500	0.024
1	250000	0.023
1	185000	0.022

Price($)	Vol.	No.
0.030	79009	1
0.031	115824	2
0.037	7803	1
0.038	14000	1
0.040	4166	1

Last trade - 16.10pm 28/06/2024 (20 minute delay)

TG1 (ASX) Chart

Forgot to add that TG1 still has close to ~$3.4m cash in hand...

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Forgot to add that TG1 still has close to ~$3.4m cash in hand...

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