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London Market dual listing is very risky given the uncertainties...

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BigDaddy77

333 Posts.

183

17/12/19

14:28

Post #: 42011008
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Originally posted by Propunter2: ↑

I do like the multitude of financial options they are pursuing:What is the progress of the equity component of
the project funding?
TNG is actively progressing and evaluating a number of different options for equity financing, which include:
• ASX investors – existing shareholders and Australian institutional investors
• London Market – potential dual listing on the Main Market of the London Stock Exchange
• Strategic investors – existing strategic shareholders and new strategic investors
• International investors – institutional investors (outside of Australia and UK)
• Off-take partners – existing and new partners
• Development partners – existing project development partners

This broad range of equity options will assist TNG to tailor an optimal equity strategy for the Mount Peake Project. The final equity requirement will be determined following completion of the FEED study and confirmation of the level of debt funding available.

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London Market dual listing is very risky given the uncertainties with Brexit. Euronext, Bombay and Deutsche Borse are better options IMHO

TNG Price at posting: 9.3¢ Sentiment: Buy Disclosure: Held
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