Shares seem tightly held and volume is low. Price has been resistant to the fall in POG in recent weeks. Outstanding cash is low at approx. A$1.5M and has debt at approx. A$5M. They made a small issue this year but clearly will need more funding soon (share issue to their favourites probably). With its large resource at over 6Moz and a PFS soon for an initial underground operation adding to the earlier PFS for a small open pit (40Koz pa), this could be a good buy, but to me I think it is best to wait for the new PFS.
TGM Price at posting:
30.5¢ Sentiment: None Disclosure: Not Held
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