We shouldn't begrudge the 2 Chinese companies for buying their stakes/shares at 11c. TNG at the time needed the cash injection and the Chinese companies saw it fit to put in their $millions and bought the shares . For some time they were losing money on their investment like many LT holders. Now that the SP has gone up, it is only fitting that they are now getting a decent return on their investments just like the LT holders.
The Korean companies have just joined in and Hyundai would like to get a cornerstone stake in the project or TNG entity and Hyundai should be expected to pay a good premium for it as the MP project has progressed and very much derisked
My humble opinion
a
TNG Price at posting:
23.5¢ Sentiment: Hold Disclosure: Held
