mates ratesss ,,, this sucks at least put 100m buy on the 68

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30/04/24

12:15

Post #: 73580946
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Originally posted by Hussy ↑

What a backflip from the board and well played by the Chinese
I like how the board is making out that Zhaojin is very bad in the tone they use within their response. This was TIE's own doing as I have posted before. The board is now worried they will get the flick, and why not as they have done a stellar job. But with Zhajoin members likely to be on the board why is it so bad? Is it cause they are Chinese and Chinese people are bad?
In the past Zhajoin has extended the offer and made an announcement 5 or so days before the close date. With the close date being 2 May there is no extension from Zhajoin. Maybe they will get their 50%+ within the next 3 days and then go about changing the board and slowly mop up here and there while TIE continues producing gold
So if the offer lapses will the SP tank? It might drop a little and then maybe head back up. Remember the SP has not been able to fluctuate like the other ASX goldies with a bullish spot price due to this offer. If the offer is not extended TIE is now free to ride the wave or it may rise due to missing out on the wave. If the spot price drops then of course TIE would drop
The 2024 guidance production should be out during May as it has been stated it will be out following completion of Q1. We are now well into Q2. If TIE downgrades (remember they have said 170koz from 2024 - 2032) again, which is likely, then the SP might get a whack. I'm guessing ~150koz
These are my thoughts, but what are peoples thoughts on the SP action with Zhajoin now controlling TIE but not taking over TIE?

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mates ratesss ,,, this sucks at least put 100m buy on the 68

TIE Price at posting: 67.0¢ Sentiment: Buy Disclosure: Held
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mates ratesss ,,, this sucks at least put 100m buy on the 68

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mates ratesss ,,, this sucks at least put 100m buy on the 68

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