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Come 2nd July Tiger will be removed from ASX listing by the ASX,...

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october97

6 Posts.

08/02/19

16:48

Post #: 37379748
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Originally posted by The German: ↑

ARIVA User JuPePo: What is the quintessence ...
the newsletter of AXINO?

- Chairman Frances wants to reduce debt to $ 100 million. He does not mention the period in which it should be. Why ? If he wants to do that in the short term (within 5 years, for example), it means that the profits made are almost entirely spent on debt service. A dividend for the shareholders, which TIGER had already considered, would be ruled out for several years.
- If Frances only now comes up with the idea to reduce the workforce on Kipoi by a third (from 1000 to about 660 employees), then this third has been underemployed so far ?? That too must be called mismanagement.
- The leach basin is expected to cost approximately $ 100 million in cobalt. The question is open when (date) this value was estimated. Was it half a year ago? Since the cobalt price was still quite high. If so, then cobalt production is unlikely to be profitable at present (at a cost of approximately $ 34 million for a processing plant), as the cobalt price has plummeted by more than half and the trend is still negative.
- If a simple water treatment plant, according to Frances, is enough to start a profitable cobalt production, then you have to ask why this plant should cost $ 34 million, why it is not built yet, and why it still takes another 1 1/2 years, until it was built.
- Is the de-listing a decided thing? Frances has not made a clear statement.
- Frances wants to delist TIGER and years later successfully and leads the allegedly successful example of a re-listing the company MAWSON WEST, where he - I quote: "this value-lift ever with a 260 million (USD?) IPO conducted ".MAWSON WEST LTD. (WKN 936299) bobbed before the de-listing in Dec. 2016 also (similar to TIGER before cessation of exchange trading) at about 0.01 € stock market value per share (for a total of 750,000,000 shares).
- What IPO (initial public offering) does Frances talk about in connection with MAWSON WEST? Is this just a "duck" to make the de-listing "tastier" for the shareholders? I researched the internet and found nothing for an IPO. At Bloomberg is only to read that on 21.11.2016 MAWSON WEST LTD was taken over privately.
- Frances does not use a single word on the upcoming LOMP study! Why not ? This study is for TIGER pretty much the most important thing that can be important for the survival of TIGER! Has that suddenly become secondary? And if so why?
Of course, what I read out of quintessence raises no claim to absolute correctness. But it should be enough to get a reasonably realistic picture of TIGER and its chairman.

de.marketscreener.com/MAWSON-WEST-LTD-7670986/unternehmen/ de.
marketscreener.com/MAWSON-WEST-LTD-7670986/
www.microsofttranslator.com/...ivcapId%3d4492949%26br%3dro%26

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Come 2nd July Tiger will be removed from ASX listing by the ASX, which is probably a result that the Board and management welcome - less regulatory oversight thereafter.

TGS Price at posting: 4.9¢ Sentiment: None Disclosure: Held
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