agree, it was no suprise we needed money. One option was to relist and raise capital, that would have been the worse outcome. Choosing debt over equity reflects longterm faith.
We also forget that at current rates tiger makes around 6m (2.8 per pound selling vs 2.14 AISC).
I just wish they didn't stop mining, that seemed a bit unnecessary with 4m in the bank. Hopefully the mitigation work that was in place can allow for production to continue and this 18m can be used for recommencing mining
TGS Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held