Sale of Tiger's Kipoi Mine ?, page-2

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16/06/15

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Post #: 15471858

Originally posted by madmacs ↑

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1 DJ Is a Sale of Tiger's Kipoi Mine on the Cards? -- Market Talk

2

Column 1TGS

| | $0.087-$0.001 (-1.1%)| $0.087$0.09[/table]

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1 15 Jun 2015 12:05:50

[/table]

0205 GMT [Dow Jones] UBS wonders whether Tiger Resources (TGS.AU) is mulling a sale of its Kipoi copper mine in the Democratic Republic of Congo. The mining company's main option up to now had been a refinancing of its existing debt, underscored by talks with its lending syndicate being advanced. "However, we are concerned that (management's) comments regarding refinancing only being an option if available on acceptable terms are a precursor to management not going ahead with the proposed transaction," UBS analyst Jo Battershill says. "In this case, a sale of Kipoi could be on the cards." UBS rates Tiger a buy, but notes that a key aspect of its A$0.20/share valuation and investment thesis is a completion of the Kipoi mine expansion to 50,000 tons of copper per annum. It believes the mine expansion is a high-return project. TGS last traded at A$0.09. ([email protected]; @dwinningWSJ) Editor: KLH
(END) Dow Jones Newswires
June 14, 2015 22:05 ET (02:05 GMT

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Appears to me that TGS management are tossing some live bait to seek if they can hook a JV or takeover, need to do some research and find who is next door to Tiger.

TGS Price at posting: 8.7¢ Sentiment: Hold Disclosure: Held

4 Upvote

0 Great analysis

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Sale of Tiger's Kipoi Mine ?, page-2

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The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Renegade hits best pXRF copper reads yet at Mongoose, part of QLD Cloncurry project

Charger takes on 100% of Bynoe Lithium Project in NT, looks ahead to drilling

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