I am fairly new to TTY. I saw a presentation from them a few months ago. All looked good, as presentations do!! The current low sp has caused me to look at them in more depth.
As I see it it ia either A, of B.
A: The management have made a bad (or deadly)error of judgement by lending "non material" amounts of shareholders funds to a dud and lost the lot. Does this show that they have their eye off the ball in the main game. Such management may not be able to realize the potential of their IO project.
B: The management have made a bad investment. We have all done that. They are now fully committed to the developement, expansion ang growth of Frances Ck project. They will be producing a demand product at the right time with good growth prospects in tpa and resource size. A good cash flow to fund on going exp. A profitable outfit that should see good sp growth in the short, medium and long term.
Is this a fair summary of is it like me? A bit simple.
To buy at this "bargain" sp? I know,it my call.
welcome thoughts.
Cheers
I am fairly new to TTY. I saw a presentation from them a few...
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