TH, the plan it seems has potential, and lets face it there really is few other options except for miraculous TO. However this idea of our 'old' shares as you name them are held in a repository while we cannot access them for another two years is not favorable in my view. We have no idea what this really means for shareholders. If the mine is mining and the mining is selling, then we should be trading as a publically listed company in the normal course of business. How dare the managers decide for us whether we can or cannot sell our own shares! We as SHs own this company along with the lenders. If the SP goes down while they need to raise new equity because of their own previous stuff ups, then so be it, but we should have the right to invest or trade our shares. I see no reason why the shares are not trading right now, other than management simply not wanting them to be traded. Even if this plan moves ahead and comes off, then its still about 4 years of shares in prison, with we have no rights over our own shares.
TGS Price at posting:
4.9¢ Sentiment: None Disclosure: Held
