Lack of a DFS for the new setup (Speewah, Vanadium focus, back to Darwin, who knows what size and type of processing plant is now being envisioned, etc etc) would be a big drawback for any company looking to takeover TNG. As would lack of a firm capital costing and environmental approval.
Another company might take the punt if they could get it very cheap but there are lots of unknowns and risks that would make a bid unlikely ATM, IMO.
Having said that, $750m is 50c a share. (That’s a wildly optimistic figure plucked out of my bottom BTW - a lot more work is needed to get to that sort of possible valuation.) Long term worth a lot more, IMO, but I’d be tempted to grab 50c and run.
Lack of a DFS for the new setup (Speewah, Vanadium focus, back...
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Last
5.4¢ |
Change
0.002(3.85%) |
Mkt cap ! $88.64M | |||
| Open | High | Low | Value | Volume |
| 5.2¢ | 5.4¢ | 5.1¢ | $80.06K | 1.510M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 3 | 503104 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 5.4¢ | 42909 | 1 |
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| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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5.4¢ |
Change
0.002 ( 3.85 %) |
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| Open | High | Low | Volume | ||
| 5.2¢ | 5.4¢ | 5.2¢ | 170821 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| TVN (ASX) Chart |