Share
3,720 Posts.
lightbulb Created with Sketch. 1083
clock Created with Sketch. 18/10/22
09:49
Share
Originally posted by kray:
↑
I am shorting TIE. I am writing this piece to share information to new holders or existing holders. 6) TIE has ~1.1bil shares and options. At 60c per share the market is placing $660m valuation on this. For the same price you can buy better gold assets and producers. The above mentioned risk v reward is not justified at this valution. It is likely the company will come back to the market a few more times for funding. Even then the operations is high risk. Similar to SO4, lots of promises made and hyping and flops at the finish line when the moment of truth smacks it in the face. DYOR
Expand
Perhaps you should also take account of the 1.45 Moz of defined Reserves, classified as Probable. Earlier reports indicated a 65% conversion of Indicated Resources to Reserve status.
