TVN 15.7% 5.9¢ tivan limited

Mmmm...having been thru the TRR proposal doc, my thinking is...

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    Mmmm...having been thru the TRR proposal doc, my thinking is that by setting August 15 as the prospective date of record for the in-specie distribution, TNG Board might expect to have their financing needs for Peake locked away by then?

    The TRR deal calls for TNG to provide a loan of approx AUD$1M to TRR & this would presumably come from TNG cashflow. I doubt that they would contemplate a CR for this?

    We know that the Woojin binding off take agreement is due for completion by early July. According to the term sheet announcement/BRR this will provide pre-production funding amounting to AUD$400M (for Peake construction/Tivan Refinery). Perhaps we can expect similar advanced financing from all the other partners when/if they execute their binding agreements?

    Just think that by setting August 15 as the record date for in-specie TRR distribution, it allows 4 months to complete the key financing deals for Peake.

    I'm thinking I might make the trip to Perth on May 20 for the special meeting. Would be good to meet our TNG team & discuss some of the hot topics. Would also be good to share a drink or three with other holders.

    Cheers.

    Jvest
 
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