TNG 1.01% 9.8¢ tng limited

Yeah, it's selling for two reasons:1. Fear mongering - volumes...

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  1. 1,023 Posts.
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    Yeah, it's selling for two reasons:


    1. Fear mongering - volumes are so small both ways it's easy to manipulate the SP at this stage and see if you can con some more people into selling;

    2. There is no material value to the announcements being made - at $100m market cap with $18m in the bank, that's $82m of inferred value which at this stage is considered by the market to be overvalued. When TNG finally organises finance for the mine this will consolidate the off-take (potential revenue) and that would be reflected in the SP going up / re-rate.

 
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Currently unlisted public company.

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