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If they really improving the plant they wouldn't need such a...

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Nikec

2,468 Posts.

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26/09/17

16:58

Post #: 27469191
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Originally posted by MagicSeven ↑

Every time tgs provide such a negative announcement you try to calculate the best numbers with a production scenario of 32.5kt which today is miles away from the tgs-reality... this is a fairy tale.

If they really improving the plant they wouldn't need such a heavy cr in June.. because they would produce enough cashflow from now onwards.

Secondly.. if they need now 18.2mil and till June 45mil cr.. you can imagine how "far" they are with the current debottlenecking project repairs... They are struck with the prod. plant because nothing works as they have planned/repaired and just burnt our money...

.. 3rd/4th quarterly reports will be the worst we will ever see..

.. and than they think we are happy dumb sheep enough to burn more money in a worst ever made production plant which is just badly working 50% per year because of the "surprising" rainy season???

When they now use such a portion of new funding and secondly such a heavy cr... you can imagine that they have more problems as they have ever announced to us.. in that case they might produce nothing atm.. or just at imense aisc/cash costs and lower output than ever before..

That's why they need the money to burn more for useless repairs.. and again the coming rainy season.. and than we are 100% f@(&€d..

They want more money but don't bring a serious update of a plan how they finaly want to fix all those issues..

.. also we have no information about the current issues or "improvements"..

No infos about the further cobalt studies
No info about current stage of deb.project..
No info why they burn so much money and where it always goes w/o a positive return
None working investor relations

No info at all but they want a cap raise of 1/2 of the sharecapital till coming June???

This is the freakshow I meant..

They threat us as dumb mf.. they have never provided any working plan how to deal within a reasonable cashflow.. they can't fix anything... they are struck in everything they do..

Tgs needs a new and very professional mgmt which has the ability to achieve what it plan.. that's all we need! Than everyone will invest in such a business case which bring a big return to the investor..

Current mgmt can't handle a return for us! They just destroy everything!

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If they really improving the plant they wouldn't need such a heavy cr in June.. because they would produce enough cashflow from now onwards.

How can they produce cashflow when they dont have money to commence mining? Only 5mil left.

TGS Price at posting: 4.9¢ Sentiment: None Disclosure: Held
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