Personally, in my opinion, TGS is more stable now than it was when they were refinancing the loans, even copper is up a lot. I believe the lenders are aware that they have had a string of bad luck in terms of the operational perspective and are willing to let it play out.
With copper price holding above $2.6 and with good weather and high electrical usage i think this quarter will show a significant improvement on the last, it will get tricky towards the end of the year when the wet season kicks in again, hopefully they are prepared for that again.
TGS Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held
