A couple reasons:
- Geo-Political Risk: Many companies have sunk a lot of money into Africa, seemingly no brainers ready to reap the rewards for their hard-work, and a coup, angry local warlord or change in Government sentiment has disrupted the carefully laid (and expensive) plans.
- Price of Gold and Gold Sentiment: Price of gold has been dropping, flirting with 1700. Also, gold is not a sexy metal at the moment. Lithium, nickel, graphite and a whole suite of other battery metals are caught in the wave of electrification shifting market attention and capital away from gold.
- Cost and Difficulty of Capital: Easy money is harder to come by than it was 12-24 months ago. Investors and firms are more wary with their funds and a relatively unknown gold explorer turned developer in Cote D’Ivoire, may not fit the risk profile of many.
However, these are market reasons. From both a fundamentals and financials stand point I believe TIE is very undervalued, I was lucky enough to pick up shares in the low 30s and will continue to accumulate as we move towards first pour. I am a big fan of the no nonsense approach the company is following - the upcoming LOM update, exploration drilling results and continued successful build updates should set it into overdrive.
Obviously all my opinion, onwards and upwards for TIE!
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Last
67.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $762.6M |
Open | High | Low | Value | Volume |
67.5¢ | 68.0¢ | 67.5¢ | $11.79M | 17.46M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 62903899 | 67.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
68.0¢ | 8747931 | 39 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 60403899 | 0.675 |
1 | 1478 | 0.670 |
1 | 15000 | 0.665 |
1 | 100000 | 0.655 |
3 | 11333 | 0.635 |
Price($) | Vol. | No. |
---|---|---|
0.680 | 6284512 | 37 |
0.685 | 475000 | 4 |
0.690 | 859452 | 6 |
0.695 | 766365 | 8 |
0.700 | 998060 | 9 |
Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
67.8¢ |
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Change
0.000 ( 0.37 %) |
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Open | High | Low | Volume | ||
67.8¢ | 67.8¢ | 67.5¢ | 3608483 | ||
Last updated 15.59pm 26/04/2024 ? |
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