AGM 2018, page-31

So share price was around the 13c mark when Vimson deal was announced.
A 19% premium would have had the share price up at the 15.5c mark.
Instead the discount pegged the price at 10.5c
15.5c to 10.5c had the same deal applied to Vimson that ECE got.
This equates to a 33% discount compared to the ECE deal.
Not bad when the company not 2 months later gets their Native Title agreement over the line (this was already known at the time of the Vimson deal, TNG management were not clear with Shareholders about this) & also the mining lease.

Perception is everything for the stage TNG are at, particularly when they are going to need to raise a lot more money.
They are going to have a hard time fixing this without a change at the top.