Take a look at some real disasters on the ASX like Golden Rim...

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cherryburn

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13/09/23

00:10

Post #: 69833617
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Originally posted by eastwest101: ↑

Yeah that's the essential issue - if you believe in the execution. But this TIE management has proven that in at least the corporate governance they have put the cart before the horse. By buying now you are basically admitting that the project will succeed despite management not because of management. This incident is an epic facepalm of corporate governance or disclosure. The only question is who noticed this glaring oversight, either a resource geologist/competent person, or possibly the compliance team at the ASX, Hopefully, its the former and not the latter.

"A production schedule based on a 2023 resource statement that isn't released to the market yet."
Could just be a harmless copy-and-paste error or a case of someone in TIE being a bit over-enthusiastic as to which files they put in the presentation, but if simple errors like this are made, it does make you wonder if some of their other work and assumptions that go into the development and construction of a mine and the work involved in calculating a mineral resource/reserve are completely error free?

Not to mention the elephant that is in the room about why this production schedule is based on a resource model that is good enough to plan a schedule around and boast about in an investor presentation, but not of enough interest or importance to disclose to shareholders, which seems to be a bit of a disclosure fail and flies in the face of professional geological practises and production planning processes that every other ASX listed miner/developer manages to execute.....

This is pretty embarrassing.

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Take a look at some real disasters on the ASX like Golden Rim Resources where it took their former CEO 17 years to come up with nothing of real interest , MTB going for 40 years now punting rare earths or a myriad of other abject failures. At least TIE is over the start line , virtually debt free with a new management structure.

TIE Price at posting: 35.0¢ Sentiment: Buy Disclosure: Held
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Take a look at some real disasters on the ASX like Golden Rim...

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