Not exactly.. we still have the money in the bank.. it was heavily discounted and you will only loose if you have sold recently below 12c.. I understand the rationale of having a global iron distributor as a major shareholder, and the benefits to secure financing.. the issues of poor decisions, consistent delays, lack of transparency and governance has not been addressed..I'm guessing the Indians and Chinese supported Rex, hence we are where we are today.. my concern is that more than likely they will both try and make a play for TNG and pick it up for peanuts! At most they will try and pick it up for $300-500M.. taking advantage of the issues with the current BOD and management team..
TNG Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
