Chijin has also appointed a board a when they did the last CR - they would have insider info. I suspect their next bid would be within the next 3 months with price between high 60's to low 70's. This TO could go back and forth which is good TIE shareholders as gold is bullish and there are good sentiments coming: i) Better production figures in coming quarter; ii) DFS on heap leach to push production profile to 250koz/annum; iii) 30km exploration on APG (this to me is the most important sentiment as it could lead to a long-life standing alone operation).
TIE Price at posting:
56.5¢ Sentiment: Buy Disclosure: Held
