Ann: Annual General Meeting Presentation, page-167

First 167 Last

Share
Profile

Follow
siddley

1,018 Posts.

92

07/12/18

13:56

Post #: 36785139
Share

Originally posted by berocca11 ↑

Totally agree.

I will be marking the report card a little sooner ie:
- Refinery EIS submission by end of Jan
- Additional corporate resources to deal with IR by mid 2019

The directors have stated that will be actively seeking to appoint a new chairman, but it is invisaged Rex will stay in the chair until Finance is closed. I’m now OK with this. I can see that a finance deal is well underway, if Rex is as involved as has been stated then it would not be in our interests to change our negotiating team mid game. A finance package from KfW (German Export credit agency) would be an amazing outcome for TNG, it’s about as cheap as you can get for project finance.

The company obviously can’t divulge sensitive info but from what was said at the AGM I believe this to be tracking well.

I have seen the company take steps to get this finance in place such as:

- Product guarantee from SMS (De-risks project for company and lenders)
- Giving mine site construction and design overaite to SMS, this allows KfW to finance the mine also! This was previously going to be funded by other lenders and project equity from the likes of Downer etc.

Vlad - thanks for reporting back on Comms with Paul Brown. My instinct from the AGM was that the Browns would accept the umpires decision on the 249d given the company’s clear statements that they WILL be pursuing a new high profile chair.

Expand

Could be a left field play regards finance or part of it. Under the Vimson Group they have (of all names) Pyramid Finance Ltd.
Just came across it while researching Vimson , trying to understand their company and how it could fit with TNG

TNG Price at posting: 9.6¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

NHF

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

ACW

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Trump is President Again: What Does This Mean for Crypto?

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 4 more messages in this thread...

First 167 Last

Add TNG (ASX) to my watchlist

Ann: Annual General Meeting Presentation, page-167

Top Stories

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Trump is President Again: What Does This Mean for Crypto?

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News