I can't begin to state the disappointment this company has generated with its shareholders. This was obvious with the first strike test at the AGM. Total disregard of shareholders has continued as we are left hoping for some small bone of information to be tossed our way as our money tied up sits declining in value. Such promise that was once seen to be forthcoming has destroyed the faith that many have continued to maintain for so long. Many see that they could have invested elsewhere and had some return over the last few years. From news we have been given, we know that Mount Peake has advanced towards development steadily over the past year. TNG received federal environmental approval in May and a native title agreement in October, followed by a mineral lease procurement from the Northern Territory Government in November. So far, following a positive note. Feasibility study results in November 2017, revealed a pre-production capital expenditure of $853 million (a $117 million reduction).It also outlined a measured and indicated mineral resource of 140 million tonnes grading an average of 0.28 per cent vanadium, 5.4 per cent titanium and 23 per cent iron. Actions resulting in the declining SP lately indicate IMO, that holders have just become bored and decided to shift their money to something that is more active and has inclining charts, not declining. Pretty certain, many would be selling at a loss. Maybe, like me, they would like to see some return on their investment before they cark it.
TNG Price at posting:
9.6¢ Sentiment: Hold Disclosure: Held
