When PF said he was looking at another play suggesting those interested have a look the SP of TNG was between 25 and 35 cents. The other companies SP was c1 cent. Assuming a sale then re invested all the proceeds in said company my sale proceeds would have purchased 30 mill shares (at an average price 1.5 cents ). We know the run up peak touched $1.20. Assuming no profit taking and riding the wave all the way, unloaded close to peak then even allowing say 20% discount for staged sales $30 mill is the result. Factor in exchange rate returning funds to NZ and the fact there is no capital gains tax in NZ then the nett is $35 mill.
I dont dwell on it as i love the challenge ahead of us. Wouldnt swap it for anything!! NOT . They say opportunities like that come very few times in an investing career.
I got my eye on a possibility lining up for Q3 and Q4 2019 spilling into 2020. It could parallel the above if all goes well. It would be nice to see TNG do what it should before then. If you see the post "im having a look at another play, you know were to look if you want to follow" then thats the signal.
TNG Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
