Ann: Tiger achieves revised 2016 Annual Guidance at Kipoi, page-4

Sorry for not being a bit more active in the forums, i still hold my 800k shares. To answer your questions:

1. I believe guidance will come in this upcoming quarterly or perhaps the next one. But we all know guidance is 32,500 anyway, so whats the point of repeating it? We all know thats the target.

2. Interest is capitalized in order to improve the balance sheet, it helps keep the covenants in check. Its a bit hard to explain i suggest you google it;

"Capitalized interest is the cost of the funds used to finance the construction of a long-term asset that an entity constructs for itself. The capitalization of interest is required under the accrual basis of accounting, and results in an increase in the total amount of fixed assets appearing on the balance sheet"

3. The Mintrex study has identified two potential cobalt process routes for Kipoi:
• Cobalt intermediate recovery (cobalt hydroxide); or
• Cobalt refining (cobalt cathode metal)

Tiger will now scope a metallurgical test work program to confirm commercial process flow sheets and firm up the capital cost and estimate likely operating costs. This test work is expected to be completed by Q1 2017

4. They should be producing at nameplate now, so a year from now they should have had 32,500.

5. I think VAT is an external factor, there isnt much management can do about it.

6. This is also what i am looking for, to see if they had copper hedged and for how long, lets hope it was only for a short amount of time. Good news is that the excess production (from bottleneck will not be hedged)


We have copper of $2.6, remember when it use to be $2?
This company is still priced for bankrupcy, copper has jumped 30%, that improved the bottom line significantly especially with de-bottleneck expansion, im really looking forward to TGS this year.