Hey all , Had a chat to Richard Taylor from Tiger monday morning pre announcement. Main points of discussion were:
Delay in North Kipoi resource estimation due to delays in processing at Johannasburg Lab in South Africa. As announced , expect resource estimation Early August though may be given as date just to cover base, could be late July.
TSX listing as announced expected to be within next three months. He stated Tiger were awaiting regulatory approval which as announced have been initially met.Now are awaiting final approval and then right time to list. IE maybe post north kipoi estimation and scoping study.
Confirmed as article that Mid July would see start of Govt review but could in no way indicate time duration for finalisation or when Tiger would be asked to attend review process. Could be first approached as in better catagory or may be last.
Kipoi Central Upgrade of estimation is to be an upgrade of resource status not an resource increase. May see slight resource increase but mainly is to sure up figures for DFS.
DFS Forgot to enquire. Apologise guys.
In general, Richard was confident that all would be well with govt review. But would be nice to place to rest.
My View, Tiger is poised for a big half a year. If govt review could be placed to rest Tiger will make good forward movement in share price as we all know it has been a real barrier to TGS's share price especially considering Congo already represents substantial sovereign risk. The TSX listing with tranferable option for shares on a 1 for 1 basis between TSX and ASX is awesome and highly attractive. Over 50mill shares are held by RBC and Haywood securities in North America giving a good foundation for some of those shares to find there way onto the tsx giving a bit of liquidity to TGS in North America market. But pretty exciting times ahead with access to a Aus ,North American and European markets. ANd make no mistake TGS has some world class potential prospects and projects in its portfolio. TGS requires plenty of patience but firmly believe that we can expect a multiple return on our investments in the following years. Cheers for now Soulbrother.
TGS Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
