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4.9¢ tiger resources limited

Let me explain something.. Firstly, a normal guidance update...

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MagicSeven

597 Posts.

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20/02/17

12:55

Post #: 22747997
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Originally posted by leec ↑

Its not much to go on, but in the case of DML, the trading halt announcement specifically referred to advice received from lenders.

This TH announcement by TGS does not mirror the one from DML.

I am reading and hearing all the speculation on the reasons / causes for the TH, but I just can't see why it can be anything other than something related to operational disruptions, which given the precarious state of the balance sheet could be critical moving forward. Especially seeing that TGS has had issues relating to pond leaks etc.

I mean it could be anything:
1. Power disruption,
2. further leaks,
3. LTI's or fatality (hope not),
4. issues with commissioning new plant....

If there was guidance, why not just release it. I've got the feeling that Nikec's post relating to advice that Brad was on site, may have spooked them into the TH.

I guess other than hope the only thing pointing to me that this may not be a prelude into a VA announcement would be why change CEO and then why retain ex-CEO in executive capacity? Why they let them draw down further on the facility, Copper prices roaring back, Cobalt ditto. Yet if this is related to M&A, then the advice too the ASX would have identified this.

It is interesting that Brad is in-country, and you'd think as a former mining engineer, with his ecperience at DML that if he saw anything of concern, and I'm speculating here, would be overly sensitive to ensure full disclosure to the market.

I guess time will tell..

gltah

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Let me explain something..

Firstly, a normal guidance update doesn't need a th - agree!

BUT..

.. a guidance which mb. is made for the next 5-8 years which also includes the costs (aisc), is in my opinion something which is also very price sensitive!! And this was the answer from Ryan which I get 2 weeks ago.. that they will make a forecast for the next years and not just for 1 year (not just for 2017)!!

Another thing could also be a cobalt case or mb a j/v or last but not least a m&a! As Brad is an engineer.. he mb. have much more knowledge how to play that all togheter? What you think?!

The indicators of cobalt and copper are helping tgs atm.. so I think we would see a good announcement.. hopefully I am right!!

TGS Price at posting: 4.9¢ Sentiment: Hold Disclosure: Held
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