Retail Offer Closes 8 Jan 2016 Price 4.7c at 4 New Shares for...

Retail Offer

Closes 8 Jan 2016
Price 4.7c at 4 New Shares for every 9 Shares held at the Record Date
record date Today 21/12/2015


Few notes of interest to me

"Kipoi SXEW operating above nameplate capacity in 2015," assuming new target of "32,500tpa of copper cathode from CY2017" is met or exceed as the current nameplate capacity is currently. Management has 'exceeded' promised current capacity and also met promised financing agreements. = Trust
Current reserves sufficient for +16 year life of mine at 32.5ktpa with more possible finds to add to this make TGS a long term investment. LME price curve is up.


For about 10 more reasons I will be taking my full retail offer. Love business/management who meet or even better exceed promises and buying at the bottom of the price cycle for copper makes sense to me. My opinion/thoughts on bottom of price cycle of course