Australia's largest stock trading and investment forum Australia's #1 stock forum

TIE

Click for more information

0.00%

67.5¢ tietto minerals limited

I was also in Cardinal and I agree the parallels are there. I...

First 172 Last

Share
Profile

Follow
Davisite

19,233 Posts.

6325

16/05/23

13:23

Post #: 67799083
Share

Originally posted by Gwaihir ↑

Is this being set up for a classic low-bid Chinese takeover, exactly the way that Cardinal Resources was?

There is an eerie parallel now between the two companies, and the way their stock has behaved.

Cardinal was pushed right down to 45 cents, from it's 80 cent highs, and then the first takeover bid was lobbed in at 55 cents, though the Chinese eventually had to pay more because the Russians ruined their party.

It's a corrupt old system we all play in, and there is nothing we can do about it.

I was an investor in Cardinal for a long time, and I'm having a "deja vu" moment here now, as if it's all happening again.

Gw

Expand

I was also in Cardinal and I agree the parallels are there. I think the difference is Caigen seems to really want to make a go of the mine before selling out, not just take the cash and run like Archie did. I was happy with the outcome from Cardinal (there was a lot of operational risk mining that refractory ore), but I think we will all be happy with TIE provide people don't sell too soon.

TIE Price at posting: 54.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

WMG

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

SNG

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

ALR

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

PTR

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

WR1

Winsome scoping study proposes low-cost operation for Adina lithium project

There are more pages in this discussion • 3 more messages in this thread...

First 172 Last

Add TIE (ASX) to my watchlist