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TVN - Tivan Limited

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Fear not, Jancha; I'm still with you

Some very rewarding swing trades were possible these past few months; I even extracted some spending money while on holidays in March. Meanwhile I'm also back with a (planned) longer-term position because I agree: The chart looks promising, waiting for a serious breakout.

 
In case you forgot (like me ) - today's EGM has approved the spin-off of the Todd River assets via "in-specie distribution": http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01626761
That means, holders will receive some shares of a newly-created listed company.



The price drop is unlikely caused by that event, but more likely a consequence of general market jitters on the back of falling metal prices. Let's see if the new "cornerstone investors" come up with the goods.
I continue to hold.
 

Thanks for the confirmation Pixel.
 
Pixel, How's the chart looking? Myself thinking it's about to go with the current trading.
 
jancha said:
Pixel, How's the chart looking? Myself thinking it's about to go with the current trading.
Click to expand...

TNG Closed at 20c today.
Company director Paul Burton today on BRR, from overseas with Woojin stated that everything was going to plan and on track with results on the Tivan processing plant to be announced in the next week or two with final DFS results in July.
Doesn't look as if there are too many holders here as per responses but imo worth doing some research on to assess it's true MC value.
T/H not far away imo.
 

Not long for that serious breakout now.
 

Tivan Processing a big tick and is to incorporated into the DFS with results later this month.
Imo we should start seeing some interesting annoucements regarding binding agreements with Woojin and Hyundai once done.
 
Re: TNG - TNG Limited *potential breakout

potential chart breakout with what appears to be like a 'cup and handle' formation? watching for volume/momentum as this will be the share price kicker come tomorrow imo

(sorry as unable to upload daily candlestick chart)

please dyor as always

Cheers tela
 
As one of the requirements for the July competition are now one needs to post on the TNG thread to be eligible.
The reason I've chosen TNG in the July comp is because it cant go much lower therefore it can only go up. Famous last words. TNG has he Tivan Plant and the Mt Peake project.
 

You were mostly right about TNG, just a month or so out on the timing.

On 1 August the company announced that it has received in-principle approval for a landmark Native Title Mining Agreement covering its flagship 100%-owned Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory, following a successful on-site meeting with the native title holding group and the Central Land Council (CLC).

Since then it has risen from 12c to a high of 15.5c, and is currently trading at 13.5c but seems to be having a little difficulty getting through resistance at 14c.

 
TNG is waiting on a number of issues including TOs & CLC giving the green light on the Mt Peake Project following the mining license as well as the tio2 off takes as yet. TNG has very little Market support to the likes of AVL and KRC Vanadium plays. Lots of potential for a major spike on the back approval of the above.
 
TNG have received CLC approval (previous post) and the mining license should be very close. However, the board has decided to basically give away 10% of the company by selling shares to an Indian company (Vimson) at less then 11c each. Existing shareholders are incensed and of course the share price has fallen to around this level. The previous majority shareholder (who now have only 8%) with other support have called for a general meeting to topple one of the existing directors, acting chairman Rex Turkington, who they believe is the main person responsible for diluting the shareholdings and practically giving away those shares to Vimson. The GM will occur on the same day as the AGM and of course the existing board have put their support behind Mr Turkington. Some holders believe this entire debacle to sell off 10% to Vimson was basically a move to have enough votes to have the current board retained.

There's most probably a lot more story here. Anyone out there have a comment or some knowledge?
 
I am thinking of picking it as the Nov stock pick as I think the SP will recover once the dust settles after the AGM - regardless of which way it falls. I think that is the time when the SP might start to recover, problem is it's late November which could be too late for a tipping pick

There should be news in the pipeline, mining license, finance etc People were led to believe it was the CLC agreement that was holding things up. The NT government and NAIF have been pushing TNG as one of the next big things. Disclaimer: I do hold some TNG stock.
 

Hopefully the Shareholders can sort out their differences with the Board ….. Any friction at Board level is never great of course ….. The $10 million sale of shares to Vimson gives the Co a healthy bank balance so its not all bad even though some of the S/H aren't happy

They extended the date of the SPP as well I see …. The participation in that might give a bit of an insight to how things are travelling …..

Cashed up with a good Project in the pipeline … SP basing ….. lots of positives
 
Rex Turkington manages to hold his position on the team but only just. Without the 100mil votes from Vimson, a recent sell off to them at a discount of 20% vwap at 10.5c (10% of the project) Rex would be saying goodbye. Hopefully the disruption is over and management can move forward. ML has recently been granted and the share price at 10.5c should start heading North.
 
My pick for the 2019 Year long tipping comp.....

Ahh good old TNG plodding along slower then snail's pace in getting it's Mount Peake Vanadium-Titanium-Iron Project underway. TNG has a history of missed targets, poor market/shareholder communication and upsetting people enough that even some major shareholders tried to remove some of the board. Fortunately Mt Peake is actually something spectacular and the developed TIVAN refining process is also. Having a great project has basically saved this company from the board's actions (that's just my opinion).

The recent actions from major shareholders, while unsuccessful, may have put a bit of a rocket under the board's backside as they suddenly have shown that there is some forward movement with the project. The biggest being the financing agreement with the KfW IPEX-Bank which has been mandated to raise up to US$600 million (A$850 million) as part of the total finance package for the Mount Peake Project (The Mandate commences on 15 January 2019).
Source: https://www.asx.com.au/asxpdf/20181213/pdf/44162c1lhn2mrj.pdf

TNG have recently secured Access Authority (Ann: Dec 3rd), Mineral Leases (Ann: Nov 21), to line up with the earlier Native title agreements and environmental approvals.

With all this it seems obvious that TNG are about to have a stellar year and the Mount Peake project looks to become a reality going forward.
Wow! That's an opportunistic statement. Knowing how things usually go it's more likely the board will get bogged down someone along the line and the project will again go back to a snail's pace...

I think I will keep optimistic though on this one and thus why it's my pick for 2019.
 
Just figured I might make of note of where it's at so I can look back come year's end.

31/12/2018 Share Price closed at 10.5c
 
Parse said:
Just figured I might make of note of where it's at so I can look back come year's end.

31/12/2018 Share Price closed at 10.5c
Click to expand...
On 18th Jan it is still at 10.5.
If I say half glass full then the positive sign is with market volatility it has not gone south.
Technically the product and project are great. It is more of speed of progress like a horse cart driven carriage in the electronic age.
Holding a small parcel with no price movement for a while
 
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