It is a buy!
However the chances of seeing .007c is dependent on the coming weeks...
The Lind strategy seems obvious enough with the conversions at 150k at 1.21c, 200k at .91c and 250k at .96c. There next conversion will be .81c or lower.
This means that if management are still looking to complete the first shipment targeted for May and past evidence would suggest thats a distinct possibility and no commencement yet on Taronga with regurgitation of excuses....LIND will continue to lower the vwap until they do produce the goods.
Lind are basically saying we will continue to lower the vwap until you deliver.....forcing management only one option...to actually execute.
Will it be this month that sees this play out or do management continue the slow pace till the tin price recovers a bit...and then the pump comes of a based of .007c
It is a buy!However the chances of seeing .007c is dependent on...
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