AIM is littered with ASX companies trying to be re-born over there. Clearly TNG has no traction with Australian institutions or serious HNW investors (Browns excluded) and has to go offshore for equity.
It's around $1M per year just in running costs - similar to TSX(v) exchange so the $1M that dT7 refers to is ongoing.
I actually see this as a major negative and just another drain on Shareholder wealth through additional compliance, the engagement of a NOMAD (which is a fee generating exercise for them and not much more), addition time requirements for PB to not be in Australia driving the project forward.
Like Tigers said - see you all at 5c
