You're saying your comment regarding the broker house is in your opinion so I take that to mean you don't actually know?
Any way maybe a lesson can be learned from KRC. Going by the amount of SP appreciation to 18c, which I think at one stage gave it a market cap 3 times that of TNG, it looks like it got plenty of spruiking, now trading at 3.5c.
Even if we had been spruiked to brokers and reached loftier SP levels I think we'd still be at or near the price we are now. And the company would have a lot more new angry shareholders on board. So maybe the SP would be even lower than it is today?
The expected milestones, which relied on the actions of parties outside of TNG's control, didn't materialise as hoped. Shareholders wanted dates so they were given them, then when the desired milestone didn't happen they got punished for their "lies" So they stopped announcing dates for expected milestones and got punished for their "deceit". And by the looks of it inundated with angry emails from shareholders.
Damned if they do and damned if they don't
If the capex is going to be largely debt funded, and from this announcement it's starting to look like it could be, then we won't be having to raise vast sums via equity anyway.
All in my opinion but maybe getting Vimson on board has satisfied a debt requirement?
- Forums
- ASX - By Stock
- Brokers, Fund Manager and Re-rate
You're saying your comment regarding the broker house is in your...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
Breakthrough programs slash healthcare events, driving a significant A$1.8M+ annual revenue boost
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
Add TVN (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $81.11M |
Open | High | Low | Value | Volume |
4.6¢ | 4.6¢ | 4.5¢ | $49.49K | 1.077M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 1037242 | 4.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.8¢ | 60870 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 1026198 | 0.045 |
1 | 227295 | 0.044 |
1 | 13000 | 0.043 |
1 | 1000000 | 0.042 |
2 | 90000 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.048 | 60870 | 2 |
0.049 | 100000 | 1 |
0.050 | 6357261 | 5 |
0.053 | 147612 | 1 |
0.055 | 300000 | 1 |
Last trade - 15.44pm 04/10/2024 (20 minute delay) ? |
Featured News
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
NEWS
Breakthrough programs slash healthcare events, driving a significant A$1.8M+ annual revenue boost
TVN (ASX) Chart |