Australia's largest stock trading and investment forum Australia's #1 stock forum

TGS

0.00%

4.9¢ tiger resources limited

Nothing like DML - DML never got anywhere near to their...

First 2 Last

Share
Profile

Follow
runningman37

791 Posts.

30/01/15

13:22

Post #: 14667601
Share

Originally posted by really stupid ↑

I've been watching TGS for a while - and was about to read today's releases for a bit of a general update when I saw the Great Sell-off occurring. I got in 'blind' down at 4c. Even if the cat is dead, it does not have to bounce very far to give a bit of a return from 4c. Bounce cat, bounce I say.

Having now seen the announcements, I agree with the posters that suggest that the negative cash-flow (without a clear explanation - such as stockpiling etc), the debt facility and a likely cap raising are causes for great concern with TGS. However, I also cannot see anything in the publicly available information that justified the stock going to 4c on such huge volume. That is a pretty sharp drop on a stock that has been well-hammered over the last few months anyway.

Looking forward to seeking some more informed comment on the Great Sell-off over the next few days.

For those thinking of doubling down hard - have a look at DML as a cautionary tale. I was on that when it fell - and received a lot of message-board abuse for cautioning other holders against jumping in for more when things started to unravel. These small miners are fun (when you are long and they go up). But they are subject to a lot of things beyond their control and it can all unravel very fast.

Good luck to all.

Expand

Nothing like DML - DML never got anywhere near to their feasibility numbers and had to downgrade the resource.

TGS has proven the mine and plant and has operating costs that DML would dream of. The concern is financing but way overblown in my opinion when you dig down and have a closer look. TGS will be taken over or will be worth a lot more in a years time.

TGS Price at posting: 5.1¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

ALK

Alkane Resources hit 57.2Kozpa gold production through FY24 – and eyeing 70Ktpa in FY26

XRG

XReality Group wins $800K contract from Aus Government for military and police VR training tech

LAT

Latitude 66 Shares Surge 8900% on Promising Exploration Update

LLC

ACCC raises competition concerns about acquisition of Lendlease projects

AS2

Askari sets exploration target of up to 323K ounces Au at Burracoppin