A major shareholder has told me that on a number of occasions at recent AGMs and the EGM that "TIO needs us more than we need them".
TIO is an inter generational company with more than 200 direct descendants and their families to support.
I suggest that positioning their company for the next generations of Todd's is in their DNA.
I have read that NZ will run out of natural gas within 10 years and that TIO currently supply about 35% of NZ's gas.
TIO have other businesses, but with the distinct possibility of no natural gas to sell, TIO will be needing a new source of funds for the next generations.
Significant funds have been expended by TIO in acquiring Rutila, 56% FMS, employing staff in Perth and Karratha etc. TIO need a return on their investment.
Only 4 weeks folks, hang in there and remember the PIOP ore is not deteriorating in the ground.
A major shareholder has told me that on a number of occasions at...
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Last
90.0¢ |
Change
0.030(3.45%) |
Mkt cap ! $179.8M | |||
| Open | High | Low | Value | Volume |
| 90.0¢ | 90.0¢ | 87.0¢ | $16.01K | 18.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5800 | 86.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.0¢ | 2799 | 2 |
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| Last trade - 12.55pm 03/05/2024 (20 minute delay) ? |
| RHK (ASX) Chart |