TZN 0.00% 4.1¢ terramin australia limited.

oxr are they involved, page-5

  1. 573 Posts.
    Hi Guys
    Or it was the ox and tzn tenements, but around menninnie. That would make sense. There seems to be no point in the ox being around strath.

    On the question of the funding, you'll recall at first I was annoyed, too. However two things.
    1. The board may be pursuing something in confidence - there are frequent mentions of further acquisitions (Not only Ain B) ... and they won't want the cat out of the bag.
    2. On cash flow, Angas will not be at full production this year - courtesy of State and local government with their knickers in knots for a couple of years. So plans for establishing the plant at TH will be more advanced and needing cash injection when Angas is still only ramping up.
    So, I'm relaxed. In a better world, where things get done efficiently there may not have been a need to raise funds. Damned lovely the spp was fully underwritten and came just before the last bump. I think that meant the price drops experienced elsewhere, eg on the ox and ZFX weren't felt so badly by TZN.
    Cheers all
 
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