TNG 1.01% 9.8¢ tng limited

Ann: Board Update, page-87

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  1. 767 Posts.
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    Yeah,no place in the office for things like: reality,critical thought,objective anysis,or intellectual honesty.Let's just ride the unicorn express to our blue sky utopia.
    Refinery EIS,we were told in 2017,would be submitted end 2017. We are at end Q1 2019 with multiple workstreams to be progressed before it can even be submitted.Add approval process and think Q4. By this time a BOA for Tio2 MUST be in place with an entity that the financiers will consider to be rock solid,or they won't even begin the DD process.
    PB said he hoped for FID in 2019,so if ALL debt AND equity can be raised by end H1 2020,then we should applaud the accomplishment.That timeframe is a coin toss at the moment.(barely).


 
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