As I average down at these levels I'm reminded of the definition...

As I average down at these levels I'm reminded of the definition of insanity - "doing the same thing over and over again and expecting different results."
Taking off my rose coloured glass what is the reality?
The current EV of TNG (~80M) seems about right. PB's "disconnect" to NPV is fanciful. We have a normally uneconomic resource still in the ground, which the market cannot value and is pricing the risk accordingly.
TIVAN®/SMS group is the game changer and the reason why many LTH's are still here.
I like the TNG name but is it time for a name change to gain market traction? Mount Peake Minerals/Hydrogen?
While we wait for revised CapEx and hopefully FID in '22, let's hope this is the bottom and it's onwards and upwards.
Any news on hydrogen in the near term should see us ride the green wave keeping the SP afloat.
Despite TNG being my worst performing stock the quality of the posts are some of the best. GLTA!

https://theterritory.com.au/invest/...s/middle-arm-sustainable-development-precinct
"Project status: Investor ready"

https://darwininnovationhub.com.au/...elp-darwin-become-home-of-clean-hydrogen-hub/
"The hubs are expected to be announced in 2022 and applicants will be expected to have an industry lead, but be made up of a consortia of Australian and international industry players, as well as with potentially state and international government backing."

https://www.energynewsbulletin.net/...-enough-for-both-twiggy-and-gallagher-woodmac
"HYDROGEN has the potential to become the world’s third-most traded energy commodity"