So, are Chijin acting in concert with Zhaojin Mining? I somehow doubt that they are taking a 10% holding for their own long term benefit. Of course they may just be investing in recognition of the undervalued nature of TIE and looking to realise a profit like the rest of us. It was a screaming buy under 40c but it is now entering valuations closer to others on the ASX. Is Zhaojin moving to a takeover? EV to Production = $2207/z (still low) EV to Reserves = $396/oz (within typical range of a producer these days) EV to Resources = $172/oz (also, within typical range of a producer these days)) Cashflow gives EV to Gross Operating Earnings = 2.5 (low but not extreme) Markets are very volatile these days and so is it time to take some profits or not?
TIE Price at posting:
61.0¢ Sentiment: None Disclosure: Held
