I'm in your corner Morry.
In my view, no buyer could have acquire TNG at a large discount in the last number of years for the below reasons:
On the TIVAN business model.....i think its closer than we are giving credit.
- The risk/return profile wouldn’t have stacked up over the last number of years for a potential buyer. The only de-risked event of the last number of years is the EIS at mine site. Items not de-risked = FEED/EPC/Guarantees, Darwin EIS and Darwin land....they are all company making events and too risky to acquire pre.
- Any purchasing on-market by a potential buyer would have been driven the price up to much higher levels than $250m market cap. I reckon someone taking 10% of the company would have had to bid up to those levels. The risk on buying on-market is you get caught in no mans land between control at 50.1% and 90% compulsory acquisition.
- Any off market takeover (ie. Via Scheme) wouldn’t have been considered by the board.
https://www.energy-storage.news/new...s&utm_medium=rss&utm_campaign=general
In great news also vanadium pentoxide 98.5% pricing up to $8/lb (USD) which is $10/lb for TNG's 99.6% premium product.
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Mkt cap ! $81.11M |
Open | High | Low | Value | Volume |
4.6¢ | 4.6¢ | 4.5¢ | $49.49K | 1.077M |
Buyers (Bids)
No. | Vol. | Price($) |
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12 | 1037242 | 4.5¢ |
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Price($) | Vol. | No. |
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4.8¢ | 60870 | 2 |
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1 | 227295 | 0.044 |
1 | 13000 | 0.043 |
1 | 1000000 | 0.042 |
2 | 90000 | 0.041 |
Price($) | Vol. | No. |
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0.048 | 60870 | 2 |
0.049 | 100000 | 1 |
0.050 | 6357261 | 5 |
0.053 | 147612 | 1 |
0.055 | 300000 | 1 |
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