TNG’s vanadium project gets a lifeline from German bank, page-24

For me this announcement is the biggest so far. The reason being before this announcement the finance was, to all intent and purpose, in the hands of the Board and the chances of them negotiating a (GOOD) finance deal themselves was, in my opinion, close to zero. . Now, after the announcement our finance is in the hands of a huge company whose experience in obtaining finance for this sort of money is up there with the best. Only concern now, as some have said, is the debt / equity split. More debt / less equity is obviously the best for us holders. I am now, after previously being a fierce critic of management (and I still have reservations) sitting a lot more confidently on my holding although the hiring of an experienced, qualified, independant Chairman is still a dark cloud haning over the current BOD. Thier communication skils stil need work as well.