Hi leec,
and other TGS holders
I,m a long term holder and been waiting for this moment in time for a number of years, to get to the point of producing copper and making some money. Fourth largest copper play on asx with the cheapest cost of production.
I also can,t believe SP of TGS.
However.....looking at some of the numbers in your post, three stand out as to our valuation.
*Minority holder paid out $110mn for 40%.
*values us at $165mn, 60%.
* Debt $180mn.
Its a perfect storm for shorters, as with a lot of other stocks atm.
Whether this takes a few days or weeks to play out I,m expecting things to settle down after a retrace
to 30 - 40c next year. If not then being played for a takeover with share price suppression is a probability.
just some of my thoughts atm.
Been topping up at the lows of 12c and 12.5c, I see it as a great med - long term investmest in my portfolio.
This is a fantastic price to be topping up, can understand frustration at sp, but use this as a buying opportunity. Shorters take advantage of shareholders sentiment who may be thinking "do they know something we don,t".
So we go with what we know and turn off the daily noise, this has so much upside.... trust your instinct on this, one way or the other.
hotcopper.com.au/threads/...e-17?post_id=14411284#.VIBX1nsXE68
"Prognosen sind schwierig, besonders wenn sie die Zukunft betreffen."
Greeny
Zurück
