Not singling you out specifically, but I like how everything is always: "They did this, so land access is definitely close", "They bought this, so land access is definitely close", "They told us land access was imminent, so land access is definitely close", "They sent items to WCC, so land access is definitely close", "Tim worked six days instead of five this week, so land access is definitely close". That last one was made up, haha. I read every comment posted in this TMG forum, and some of the comments I have read are just straight-up copium, grasping at anything and everything to tie every decision management makes to land access being granted.
11th of December - Andre Booyzen hired as Strategic Advisor for TMG
10th of Feburary - Andre Booyzen appointed as a Non-Executive Director
23rd of April - Andre Booyzen appointed as Managing Director
To me, it looks as though TMG wanted Andre Booyzen on the board back in December when he first joined, and that the advisor role was more of a soft landing to ease him in. It has been consistent every 2 months, so I see no correlation between land access and Andre being appointed as MD.
If you want to be in denial and believe that land access is just around the corner and discussions are going smoothly, then that's perfectly fine - but everything points to the complete opposite. I'm not saying that land access won't happen, but anyone can see it isn't proceeding as management promised us.
On the 17th of February, Tim said: "Having commenced discussions with landowners, with the transfer now granted, we are confident that these negotiations can be consummated expeditiously". So, a whole 81 days have passed since shareholders were informed that discussions had started, 81 days. The standard timeframe for land access discussions in NSW is typically 28 days or less. In that time, Trigg has literally purchased a property within Tallowwood Ridge area and is currently moving items onto it. They can negotiate with another landowner and complete the purchase of a property, yet still don't have access to the key property we actually need. Hmm, make that make sense.
Now, talking about the property they have purchased - do I see potential? Yes, perhaps there is a way to extract the antimony without needing land access from the main property. What I'm more interested in now is what TMG has planned for this 30 acres of land; for me, land access to other properties is no longer the priority. As a non-holder, I don't just focus on the negatives of a company, as I'm sure you see from other users across this website - I give praise when it’s due, and this might just be the right move for TMG, given how long it has been since negotiations started.
So, in summary, my main focus is now on what TMG has planned for this land, and land access to other properties is on the back burner for the time being. I have always said that I wouldn't buy in until we had land access to the main property, but if management can show me a good plan for their current land acquisition, I might just change my mind.
NFA, DYOR, IMHO
Slim
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trigg minerals limited
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Last
9.8¢ |
Change
0.015(18.1%) |
Mkt cap ! $91.26M |
Open | High | Low | Value | Volume |
8.4¢ | 10.5¢ | 8.4¢ | $6.531M | 67.19M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9460 | 9.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.9¢ | 1292538 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9460 | 0.098 |
2 | 210000 | 0.096 |
3 | 229787 | 0.095 |
4 | 1796780 | 0.094 |
2 | 2000001 | 0.093 |
Price($) | Vol. | No. |
---|---|---|
0.099 | 1292538 | 4 |
0.100 | 528365 | 7 |
0.105 | 3130162 | 31 |
0.110 | 540352 | 15 |
0.115 | 913669 | 5 |
Last trade - 16.21pm 26/06/2025 (20 minute delay) ? |
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