TGS tiger resources limited

Overall I like the company more than I dislike it because I...

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    Overall I like the company more than I dislike it because I still have a largish position. I believe the shareprice will be going up from here, and would not be surprised to see the SP over 47c by next week.

    I like the Kipoi and Lupoto projects but not Sakania, and think the share price will also be over 50c within the next month.

    What I don't like (as you have asked) is:

    The history it has had of moving prior to news. Esp the dives prior to dilutions. This seems to indicate to me that there are some mafia types regularly taking advantage of insider knowledge.

    I don't like the management teams past penchant for large low priced dilutions of the retail investors. Hopefully this will not be an issue again, but the damage is done. If they had actually promoted the company based on it SUBSTANTIAL resource and the HUGE discount to peers (as your recent comparison has demonstrated) they would not have had to dilute us at such ridiculous prices, then arguably the company share price would already be close to a dollar.

    I and many others on these threads bought shares over 50c a few years ago and after a multi-year copper bull market when many other ASX copper stocks are up 100 to 400% TGS still hasn't got back to it's pre-GFC valuation. This, IMO, is due to managements inability to promote the project and their choice of the easy path of a low priced issue to some sophs they might have been chummy with.

    To add insult to the injury the dilutions caused, many of these soph 'investors' (both the canadians at 10c and the Brits at 18c) have sold their stock for a quich short term rick free gain, while many of us on these threads were carrying SUBSTANTIAL risk during the DRC renegotiation and management dilution of us near the lows after that dispute was resolved was a slap in the face.

    One day I might get over it but not yet.

    To sum it up, I am critical of management and some 'investors' but bullish on the company prospects.
 
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