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 ! $773.8M |
Open | High | Low | Value | Volume |
67.5¢ | 68.0¢ | 67.0¢ | $2.410M | 3.577M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 102301 | 67.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
68.0¢ | 7601051 | 48 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 102301 | 0.675 |
12 | 55001919 | 0.670 |
2 | 50312 | 0.665 |
2 | 1012000 | 0.660 |
1 | 1000000 | 0.655 |
Price($) | Vol. | No. |
---|---|---|
0.680 | 7601051 | 48 |
0.685 | 188233 | 5 |
0.690 | 27007 | 4 |
0.700 | 26352 | 8 |
0.710 | 2400 | 2 |
Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
67.5¢ |
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Change
0.000 ( 0.75 %) |
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Open | High | Low | Volume | ||
67.5¢ | 67.5¢ | 67.0¢ | 194439 | ||
Last updated 15.59pm 24/05/2024 ? |
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