A stock to watch as per everyday is TNG, Yesterday CEO- Paul Burton had a stall and presentation at the Rising Stars Conference on the Gold Coast, afew of the share holders were there, and one quoted it as "outstanding."
afew more words on his presentation and why in these coming days the Share price will move due to increased exposure.
"I have been following the fortunes of TNG for a long time, and I felt that yesterday TNG had come of age. As Paul said in his presentation, TNG is moving from explorer to producer with its NT Mt Peake project. The fly-over movie at the end of his talk was especially good. It highlighted the relatively simple production process coming from a very simple open cut operation.
Couple of things I picked up on...Paul personally thinks there is >1b tonnes of resource. I am sure the audience (about 300 to 400 )picked up on that. The current mine life is 24 years based on less than 200mt !!! What would a 1bt resource do to the NPV !!
The patented Tivan process is a potentially very valuable business in its own right...spin out down the track perhaps? I think there is a lot more to come from all this.
He did not get a chance to go into the other potential projects they have...seem to be quite a lot of copper projects
I think we are on the start of a serious upward re-rating, even in this choppy market."
This was taken from Pokerface's post on the TNG forums within the HC forums.
Key points about TNG:
- JORC upgrade due end of this month early next. - Copper results due any-day. - patented Tivan process, if you don't know what this is, this is a company maker within itself. - ECE- Chinese investor - now finished their due diligence on TNG and have given the go ahead to give the rest of the money to TNG, for a 30% stake at 11c a share, which is current 3c+ prim to current SP... if this isn't a big hint to buy now, i don't know what is.
In this market, most spec stocks get hammered because of the fact of limited funding and uncertainty, but with TNG funding is being given from the Chinese government, new technology which reduces bi-product via making the product more concentrated, and also owning its company making land area 100% NT Mt Peake project.
This is my 5c worth, i'm happy with this little diamond of a company, and if your a regular in the day trading forums you realise i post this alot, only due to the fact that anyday these results will come out, making it the perfect day tradable stock, so just wanting everyone to put it on their watchlist, so when it does run, your all in the know :) helping our little Day trading family make some $$ :)
