TNG secures mineral leases for Mount Peake, opens door to pursue financing, page-42

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hotdiggeydog

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22/11/18

15:01

Post #: 36604551
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Originally posted by abishai ↑

Originally posted by Morry
From their communications I get the feeling the Browns will continue to advocate for change if the RT move fails.
The board will be operating in a new paradigm and any more failings will be met with more support for shareholder activism the next time it is executed.
The ssp is a mystery. Can anyone actually imagine that we could get through 2019 without finance?

I can imagine it,given that the refinery EIS hasn't even been submitted yet.Approvals for the refinery will need to be in place before there is any chance of ECA cover on a KfW loan. Given the other components that will need to come together in the finance package after senior debt has been secured,I understand why PB said he HOPED for a FID in 2019.
If DD from senior debt providers took less than 6 months from the time ALL specs on every aspect of the mine and refinery were locked,then it would be a miracle.Those senior debt providers will also need to approve of all subordinate debt terms and require the equity component to be finalized before they part with any funds.If TNG secure just a binding offer from senior debt providers in 2019 that will be quite something.If there is any delay in refinery EIS though,I wouldn't bet on it with stolen money. As usual,all imo,and I am not an optimist.

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Bang on Abishai. That's why we need change at the top to manage this potential monster!!

TNG Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
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TNG secures mineral leases for Mount Peake, opens door to pursue financing, page-42

Top Stories

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

Recce scores $6.75M R&D rebate

Auric sniffs gold up to 12.1g/t through drilling at Spargoville prospects

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Cyclone signs MOU with Vale for development of Iron Bear play

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels