Australia's largest stock trading and investment forum Australia's #1 stock forum

TIE

Click for more information

0.00%

67.5¢ tietto minerals limited

Ann: Tietto Ramps Up to Full Production at Abujar Gold Mine, page-47

First 47 Last

Share
Profile

Follow
Gainzmaster5000

2,247 Posts.

652

21/03/23

23:17

Post #: 66888970
Share

Originally posted by speculator101: ↑

I started going through my old posts, but.... I have given up. Some time in the last 2 years the company alluded to using creditors as a buffer for the commissioning period. Or perhaps it was in one of the video presentations. Anyway, as I cannot find it, I will simply say its IMHO.

Oh.... but I did find in the presentations last year, that TIE clearly stated they were fully funded after doing the $130m capital raising.....
Only to raise a further $49m late last year. Anyway, I think things are going to be tight, how can it not be. They have basically said there is less gold than expected in the artisanal resources they are mining, plus... small issues with ramp up mean, there is no way they are going to hit 260k for CY 2023, they were very naïve to have ever stated so (just like WAF I suppose).

I only have a very small holding, as I have been burned by developers time and again.
Good luck to all holders, perhaps the higher POG is going to be enough of a buffer.

Expand

stating fully funded to then do a CR of $50M made me so angry, spot giving me PTSD mate, come on. :&apos

TIE Price at posting: 58.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

AHK

Ark Mines provides strategic update following mining lease submission

TTT

Titomic jumps +6% as it incorporates Microsoft Hololens tech

STK

Rogozna grows with gold equivalent grading 1.1g/t across 545.7m for Strickland

LU7

The Breakdown: Lithium Universe talks refinery design and lithium processing in strong preliminary feasibility study for Bécancour

RCE

Recce progresses testing of gel to treat bacterial skin infections

There are more pages in this discussion • 7 more messages in this thread...

First 47 Last

Add TIE (ASX) to my watchlist

SPONSORED BY