TVN

0.00%

4.9¢ tivan limited

Grab for conrol, page-32

First 32 Last

Share
Profile

Follow
norm

801 Posts.

40

01/08/22

10:13

Post #: 62847955
Share

Originally posted by H Williams: ↑

I am a TNG sh. I bought fairly recently because I liked the project.
I have the following thoughts on the current grab for control of the Board.
This is a highly valuable project. It has been conceived and developed by present management, to a point where mining is imminent.
A small group of dissident shareholders believe the timeline for delivery of the project has been too slow and management is to blame.
Whether this is true or not, provided the ultimate value is a high as indicated, time taken so far is not material.
The only key remaining steps are to complete engineering and secure final approvals and financing.
just as the coy. is on the threshold of achieving these critical final goals, there is a sudden attempt to disrupt board and management.
This event represents a threat to the coy's prospects because
The only people with the knowledge and experience to deliver the project are the present board and management.
They also hold the vital relationships with financiers, govt. and landowners.
The proposed new board has no relevant expertise to bring to the project.
They are not mining engineers; they have not built nor managed resources coys.; they have not started nor developed resource projects.
They have not raised project finance for resource coys.
Instead, it appears that a small group of opportunists has spotted the chance to try and take control of a lis more qualified new directors are appointed.
After being handed control, they may decide otherwise; they have no proven ability to find to find experienced new management and directors in any event.
They also have no capability to complete the steps outstanding to realise the project any faster than is presently occurring.
There are considerable risks of changing board and management at this late stage in the project's development, in return for no identifiable benefit.

Expand

Refreshing to see someone else on this thread who has a deeper understanding about what is happening behind the scenes in this push for control. I expect we will see a more balanced argument appear over the next few weeks. We might even see the ASX and ASIC get involved. Regards to you. Norm

TNG Price at posting: 9.7¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

Making money: How many microcaps should be in an investor's portfolio?

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

What each US election outcome would mean for Australian companies & investors

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

There are more pages in this discussion • 14 more messages in this thread...

First 32 Last

Add TVN (ASX) to my watchlist

(20min delay)
Last 4.9¢		Change 0.000(0.00%)		Mkt cap ! $86.66M

Open	High	Low	Value	Volume
4.9¢	4.9¢	4.9¢	$15.82K	322.8K

Buyers (Bids)

No.	Vol.	Price($)
5	424219	4.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.9¢	100000	1

View Market Depth

No.	Vol.	Price($)
5	424219	0.048
5	287000	0.047
5	517817	0.046
4	333722	0.045
4	1384183	0.044

Price($)	Vol.	No.
0.049	100000	1
0.051	100000	1
0.052	12000	1
0.053	39001	2
0.055	121107	4

Last trade - 12.34pm 01/11/2024 (20 minute delay)

TVN (ASX) Chart

Grab for conrol, page-32

Making money: How many microcaps should be in an investor's portfolio?

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

What each US election outcome would mean for Australian companies & investors

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Grab for conrol, page-32

Top Stories

Making money: How many microcaps should be in an investor's portfolio?

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

What each US election outcome would mean for Australian companies & investors

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News