TGS 0.00% 4.9¢ tiger resources limited

This"bridging finance", with Taurus ,at high rates, should never...

  1. 288 Posts.
    lightbulb Created with Sketch. 13
    This"bridging finance", with Taurus ,at high rates, should never have been sought, if there was not a better financing solution ,or cash payout, available within 6 months or so. It's like getting a great product but having to pay pawnbroker rates to attain it. I would love to know who really pushed the Gecamines payout, as we obviously did not have the cash, or access to reasonable finance to buy out, a worthless, struggling "partner"! Time is ticking, and grid power, financing,are issues that need solving by years end. TGS management did well to set up a mine in a challenging environment, but have dropped the ball , a lot, in the last year.
 
watchlist Created with Sketch. Add TGS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.