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Last edited 8 months ago
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#Financials
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Added 8 months ago

Capital raise announced a few days ago

And also another example of a high profile non--exec director doing nothing for the share price. Since the appointment, share price went from 8c back down to 5.9c.

Although it is good Guy Debelle did buy $20K worth of Tivan stock so will give credit for that.

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Still watching as Tivan do have a few promising projects.

#Risks
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Last edited one year ago

Old article from the ABC abuot Tivan returning to Darwin Harbour to build their processing facility

They previously withdrew due to backlash from pearl farming business Papasley and a Barramundi farm when they were planning to discharge water into the waterways..

https://www.abc.net.au/news/2023-02-14/tivan-deal-to-process-at-middle-arm-precinct-near-darwin/101972472

Tivan is now planning to keep wastewater on site. Still doing some check on how they plan to do this and if any inadvertent discharge is still possible..

On another note, I do see that the news about the former RBA deputy governor and once successor to Lowe joining the board is still having a positive impact - now up another 15%! Going to eat my hat soon about the rally being overcooked.

#Guy Dubelle
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Last edited one year ago

Have to wonder what is so special about this TVN that RBA former deputy governor Guy Dubelle resigns from his CFO role at FFI (Fortescue Future Industries) for a non executive role here and not a bigger company.

Given this is not an executive position I think the 33% rally is a bit overbaked.

Reckon Andrew Forrest might be having a bit of a think right now with all these executives leaving FMG.

Meanwhile might be worth doing some research into TNG's projects.