Have you read the news??
We make a divestment, means that tigers is selling all it's operation plants and all other existing deposits!!!
This means no issue of shares! Just our balance sheet will end up in plus 250-280mn cash-in and all operation, plant and equipment is sold to the hong kong company. With the cash tgs will pay all their debts (hopefully!!).
That's it.
So we are left with a little bit of cash and no plants for copper or cobalt!!! And the company's directors will still have a job 3 more years on our costs!!!
Share price will falls down because we just sit on dead money which is no producing any money! Now you understand what's going on????
No from my side to this crap deal which is just in favour to the mgmt and their "sit-out-jobs"!!!
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Have you read the news?? We make a divestment, means that tigers...
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