I think it's just the price of copper that's pushing it up. Solidly over $7k and the latest from Robin Bromby in the Australian was that the market was 'surprised' by the demand in China, with the Shanghai index at a $200 premium to LME.
I read in a post a week or so ago that someone thought Tiger could fund the SXEW plant from operating cashflow, and that a CR was no threat. This is definitely not the case.
From the quarterly:
Net Operating Cashflow - $16M Estimated Cash Outflows for next quarter - $46.7M
I am curious however - if a loan isn't forthcoming, why they can't just slow it down for a quarter or two.....? Otherwise, it does speak badly for the companies street cred if the smart money isn't interested..... It surely can't just be country risk......
TGS Price at posting:
26.0¢ Sentiment: None Disclosure: Held
