Well, it's in the buy zone to purchase my second parcel of shares, the first being purchased at 2c. Not alot of liquidity and could easily swing 50% either way with a bit of volume.
As we saw during the GFC, assets are often divested during times where liquidity becomes a major issue and companies need to bolster their books, reduce leverage etc.
Definitely the potential for TNP to secure a project of substance in 2H 2012. Yes, raising even small amounts of capital could require discounts in the current environment, but I still think having a reputable MD at the helm will go a long way to assisting in that regard.
TNP Price at posting:
1.1¢ Sentiment: LT Buy Disclosure: Held