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Business Description: Tiger Resources Limited (TGS) is an Australian-based company focusing on the mineral exploration, development, mining and sale of copper concentrate. TGS focuses its activities on the Katanga Copper Belt in the Democratic Republic of the Congo (DRC) and has two main projects being the Kipoi and Lupoto Project.
Strategy Analysis: TGS haveÂ a staged development strategy for the Kipoi Project. Stage 1 involves processing high-grade oxide copper mineralisation through a heavy media separation plant to produce the equivalent of 119,000 tonnes of copper in concentrate over a three-year period. TGS then plan is to then construct a 25,000tpa Solvent Extraction and Electrowinning plant by 2014 to produce cathode copper. The expanding resource base at Kipoi has the potential to support a 50,000+tpa Solvent Extraction Electrowinning production capacity.
Tiger Resources reported positive cash flow of US$11.4m for the quarter ended 31 December 2012. Operating cash flow for the period was US$16.59m. Payments for exploration and evaluation were US$(3.15m). Investing cash flow was US$(3.7m). Financing cash flow was US$(1.5m). Cash in hand at the end of the quarter was US$34.46m.
Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 |
â€śIf you want to have a better performance than the crowd, you must do things differently from the crowd.â€ť Sir John Templeton.
Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 |
Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.
Carl Richards, director of investor education at the BAM Alliance 17/10/2014 |
â€śAs odd as it may sound, the sooner you start treating your investments like you treat life, the happier youâ€™ll be with the outcome.â€ť
William H. Gross, Janus Capital Group 16/10/2014 |
â€śFinancial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding â€śminusâ€ť 10 basis points.â€ť
CMC Markets 8/10/2014 |
Share market indices around the globe are breaking down. While analysts cast around for reasons, itâ€™s clear that a time factor is in play. Simply put, many investors â€śfeelâ€ť a correction is overdue. How low could it go?
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