TMG 0.00% 3.9¢ trigg minerals limited

IPO - Trigg Mining Ltd, page-6

Currently unlisted. Proposed listing date: WITHDRAWN
  1. 132 Posts.
    lightbulb Created with Sketch. 33
    IMO hard to get enthused...
    1. Huge number of shares & options makes starting value more than RWD!
    2. Options available at $0.20c up to 2022 - hardly incentivising
    3. Vendor performance shares have hurdle of delivering PFS by 2021 - a mile behind established peers which means uphill battle to establish market (if they ever make it)
    4. Loan Shares & loans to MD in the words of BDO review "the holder.....is protected from downside risk" meaning the MD has no risk, just the coy & shareholders
    5. Miserable brine concentrations
    6. Enormous salt to potassium ratios
    Can hardly believe they are even going to IPO with this.

    I'm not a RWD fan but I'd be buying them before throwing a coin this way.  Other industry peers miles in front and far better investment risk IMO.

    DYOR.
 
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