TI1 tombador iron limited

Tombador - The Way Forward

  1. 36 Posts.
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    I would be keen to hear from anyone who has a view on how this story plays out in the months ahead.

    Is the current situation that we are now a royalty business with only one (tier 3) asset?

    To me the logical path is:
    1) Sell the royalty for whatever we can get to an actual royalty company
    2) Sell any other assets
    3) Return all cash to shareholders via a dividend - should be about A$ 12-13c per share
    4) Wind up and delist
    5) Put nightmare behind me

    Or are they seriously considering raising fresh capital and trying a new project?

    https://hotcopper.com.au/data/attachments/6530/6530726-50b5ea25a370a6bc9d33ba5da9e2f76a.jpg
 
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