TI1 tombador iron limited

Ann: Investor Update Webinar, page-8

  1. 7 Posts.
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    I logged in to listen and got the following - please correct as necessary. This is for those that did not attend / if there's no recording made available:
    • the geotechnical event meant that there needed to be a change to the wall angles which increased the strip ratiowhich incresed costs which didn't make it economically viable
    • the acquisition will provide "access to future royalties stream"
    • 7-10M cash available after the acquisition
    • TI1 will need a new asset in order to relist on the ASX
    • 4.25% royalty from the stockpiles

    They didn't answer my question about who dumped millions of shares prior to the halt, but unanswered questions may be answered "offline".

    Best of luck chaps.
 
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