Its been a long and painful ride for DEX holders into TNC, but this deal really gives the company a solid base to generate income and build from.
We have some great potential in these assets, although it was somewhat interesting that Mt Oxide isnt included in this agreement.
I think they will restart, get some cashflow going and possibly use those returns to fund a plant for Mt Oxide, however before it gets that far Im sure Glencore will step in before anyone else does as say "thanks we'll have the whole lot for $500mil."
Ann: TNC secures Glencore partnership - Cloncurry Copper Project, page-98
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Last
3.8¢ |
Change
-0.001(2.56%) |
Mkt cap ! $34.14M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.9¢ | 3.7¢ | $4.982K | 130.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 143726 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 344605 | 4 |
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| Last trade - 13.00pm 20/08/2024 (20 minute delay) ? |
| TNC (ASX) Chart |