Australia's Tribeca Global Natural Resources hits 2-month low on restructuring plans

Tribeca Global Natural Resources

15/11/2024 24:49

** Shares of Tribeca Global Natural Resources  TGF.AX  fall
as much as 2.9% to A$1.505, their lowest since Sept. 12
    ** Investment manager says the board does not intend to
restructure the co due to costs and restrictions outweighing the
benefits
    ** Says it recognizes the issue of shares trading below
their total asset value, causing shareholder concerns
    ** Stock set for its biggest weekly fall since June 24, 2022
— if current trend holds
    ** Stock down 11% YTD, including current session, as of 2300
GMT

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com))