Ann: Takeover - extension of offer period, page-7

The only reason they are extending the offer is because they currently do not have the shares to win a 51% majority and do not see this being achieved by next week. The question is why extend this to 12 January 2024. It is unclear what another month buys them other than suppressing the share price sufficiently over the next monthly production announcement/s.

The company has to really focus operationally to enhance monthly production stats an either hit or exceed forecasts. On the other hand, we shareholders must avoid the temptation of taking short term gain/s and selling any shares on market. If people hold and volume fizzles then another offer will be made at a higher premium.

Alternatively, if you see TIE as a value proposition as I do, and decide to become a new shareholder (or add to your holdings) then I congratulate and thank you.