TGS 0.00% 4.9¢ tiger resources limited

Ann: Shareholder Presentation January 2019, page-22

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 826 Posts.
    lightbulb Created with Sketch. 3
    New article by JuPePo at ARIVA:JuPePo: Does TIGER threaten compulsory acquisition? 12:53# 10767The USD 34 million credit requirement for a cobalt production plant on the Kipoi project could once again attract non-corporate financial sharks, as it did with Mawson West Limited.Chairman FRANCES had u.a. On the occasion of the recent roadshow in Germany and Switzerland and AXINO, he announced that he wanted to make his way to Cape Town / South Africa in order to attract investors and lenders to the above-mentioned. To hit the plant.By the way - why Cape Town, you want to ask? Why does not FRANCES get the money for the cobalt production facility directly from the World Bank (based in Washington), which is already the lender and shareholder of TIGER?Where FRANCES advertises with it, that TIGER the z.Zt. the only mining company in the Congo that meets the requirements for ethical cobalt production - just because the World Bank is one of the lenders? Since it would be the most obvious that the World Bank also financed this - supposedly very lucrative - plant!Including the intention of FRANCES, with the senior lenders durchzuboxen a rescheduling program according to the motto "let's debts debt to equity," there is an increased risk that TIGER gets into an equally fatal dependency, as with the Mawson West Limited was the case.FRANCES was a senior executive there from 2005 to 2012, with the IPO of Limited on 24/03/2011 on the Canadian TSX, most recently quoted by AXINO - not to mention blubbering.One year later, Mawson West Limited urgently needed money to continue financing its Kapulo copper mine in the Congo, and therefore secured a $ 33.4 million financing and debt restructuring package with the Galena private investment group on Dec. 19, 2014 in Switzerland, which subsequently gained a majority stake in Mawson West Limited (Link 1 (Mawson West Timeline) - 8th article from above).As a result, Galena and Mister Jesus Fernandez installed a new board member at Mawson West Limited on January 26, 2015, of course, to influence corporate governance (Link 1 (Mawson West Timeline) - Article 6 above).Lo and behold - Mawson West Limited was forcibly taken over by Galena on 20.10.2016, with subsequent delisting on 21.11.2016 on the Canadian TSX (Link 2 + 3)The shareholders were compensated with 0.01 CAD per share - better put off.Does not this fate threaten the retail investors of TIGER?Their compensation would be similar to that of Mawson West Limited, probably at the lowest level.For the new owners, however, this would probably be the most elegant and, in the future, most lucrative solution. Because all future profits would then only benefit them.Apart from a possible new lender for the cobalt production plant: Even the current senior lenders will have already considered the benefits and opportunities for a compulsory acquisition of TIGER. I would be surprised if FRANCES has not long ago suggested this option to you.Link 1proactiveinvestors to the MAWSON WEST TIMELINE - Web TranslationLink 2Mawson West Announces Notice of Compulsory Acquisition by Galena Private Equity ResourcesLink 3TSX Delisting Review - Mawson West Limited (Symbol: MWE) - 10/20/16 - News - ARIVA.DE

    https://www.ariva.de/forum/tiger-resources-wkn-a0cajf-in-produktion-445170?page=430#jumppos10767
 
watchlist Created with Sketch. Add TGS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.