It is easy to be cynical about these things when you have lost a serious amount of money. I have been there (still am there)!
Maybe the CEO was naive or wasn’t consulting as closely as perhaps he should have been with the financier.
The likelihood is that the decision of the financier was made quickly, without notice, and came as a shock to TNC.
Consider how Tembo’s investment has fared.
I understand the resentment, but objectively TNC is in very different circumstances now. The company isn’t leveraged or exposed like it was before, has plenty of cash, and there is some good potential in the tenements, Mt Oxide in particular (IMO).
TNC Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
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