If their plan is to wait it out and try for a deal, I would expect them to severely CUT their admin costs, reduce the size of their board and cut exploration costs.
But this doesnt seem like their plan.. they seem to be drilling and exploring and having a fun time in the office. Reminds me of Hot Chili... why do HCH keep drilling and spending their money, well no incentive to stop (and in that case the Chairman owned the drilling company)
someone needs to tell TIG the boom is over. I've been saying to stop spending since they had $30M. Now they have $7M.. and the quarterlys look the same as 2 years ago
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Mkt cap ! $39.20M | |||
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| TIG (ASX) Chart |
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