EGM
the room was jammed, not a spare seat in the room.. never seen an EGM packed to the rafters, usually a small handful show up..
all resolutions passed, massive show of votes throughout on voting.. when the resolution for bruce gray's shares came up, i counted 3 hands up.. could have sliced the air on that one, it was solid tension..
tony has done a remarkable job saving the company and that was acknowledged
apart from a potential small raising in the future, the company is on a path to producing and has the backing of putin and a major fund. the company has massive credibility in the provence with the local governor absolutely convinced tig is going to be a huge difference to the economy there.
of course the present crimea situation sits badly for tig, but as tony mentioned, the company couldnt be in better positioned situation with the current backers.
they feel the stresses of the high cost met coal producers falling over, the met coal prices will probably rise in the next year or so also.
bhp sees a future in the met coal also..
craig will run the company hard in the ops side now, the entire company was damaged by the last 4 months.. it really put everything behind bigtime,,, and they will salvage what they can after the calamity it has caused.
they will look at the beringovsky port closer and thy are confident of plenty of reporting to come, upgrades and lots of news.
they are finding more and more coal in ammam north. and very happy with the prospect
imho with this done and dusted they can crank the tigers business up, start paying people and get the show on the road
imho all holders should give the current management a huge wrap for getting this done, it was designed to make it fail, but they did it anyways!! big win for the majority of holders and a victory and spoils for the bruce gray camp, whom demonstrated no interest in the shareholders post the meeting. but the rest of the board and chairman were all approaching the shareholders and available
great sigh of relief to see them get it done, and as i said, its behind us, and tig can now do business again
its going to happen, everyone says the oxiana experience of no one believing the asset was going to go ahead depressed the sp to a handful of pennies.. then suddenly the world woke up and realised it was the real deal.. and bang.. the rest was history..
this one is replicating oxiana.. one day the funds will realise its real, and we wont be at .16
GLTAH
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