Rudster,Excellent response to Maxter. Unlike him to come on like...

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04/07/24

12:20

Post #: 74605351
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Originally posted by Rudster: ↑

Hi Maxter, I can see the passion in your response.

"Mothballing Mt Peake is devestating when reviewed retrospectively. Lagos and Bushveld, both titanomagnetite reserves went on to do focus on V solely and took advantage of the huge bull V market 2014 to 2018 and further." Fact is, Mt Peake is not commercially viable and it is in the middle of nowhere. And to think the old guard wanted the processing plant located there is beyond words. TVN has done the right thing here to focus on where we will make money. Mt Peake is unfortunate as long to term shareholders and traditional owners were strung along for a long time, with lots of working capital wasted, not to mention shareholder value. At least now we have a tax loss we can benefit from as we head into Project F.

"Mt Peake is an approved project. Sell it or the magnetite for cash flow now if we now focusing elsewhere." It is worthless. There is no project. It is not commercially viable.

"TVNs current BoD inherited an already over stretched company with its share registry already stretched to develop a comprehensive none event.That was not their making but it was their choice. Take the critical challenges or get out of the kitchen." You are forgetting the gross misrepresentation by the old guard around how close we were to the point end, the state of the Tivan tech (that did not work), the low-balled capex figure for the so-called Mt Peake project. When GW and Anthony took over, they did not know this because it wasn't disclosed and it should have been public info!

"Any negative overtones from me come from complete frustration that this company has burnt all the inherint good will that the retail market has givent it and again the retail investor is overlooked in the short term. We may not be sofs but we are not soft cocks." Different opinions amongst retail investors are a given, but to say the "inherent" good will with the retail market has been burnt is a gross overstatement. How have we been overlooked? Did you expect the Mount Peake decision to be put to a shareholder vote? As shareholders, we have a voice via asking the company questions, GW's AMAs and ultimately via our votes at each AGM.

Maxter, stay the course as this will be special.

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Rudster,
Excellent response to Maxter. Unlike him to come on like this , but you have covered what I wanted to say.
FOr years Max has been on my list of must read, respected posters.
He knows the massive upside, so he will be here for the long term. I am putting the little fit of pique down to Mrs Maxter and either her semi disbelief, impatience or she has already put a deposit on a beachfront property and settlement is looming.

O

TVN Price at posting: 6.8¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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Rudster,Excellent response to Maxter. Unlike him to come on like...

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