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PokemonGo

215 Posts.

5

20/04/17

13:16

Post #: 24167265
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Originally posted by bitzer ↑

Hi Pokémongo
Yes it is disappointing to watch the sp drift albeit it on light volume
I think the reasons are probably 2 fold......
Lack of activity since end of last drill campaign and TNR has been issuing shares as payment or part payment to contractors and vendors. This is great for keeping down cash burn but contractors/vendors need to eat and pay their mortgages too
Until the merger is officially complete and the rigs are out testing Paradigm I cant see this changing much. If there is a seller in the market I would hope that the Co could find a way to have them accommodated off market

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Hi Bitzer, thanks for the reply and yes I agree with you some contractors need to pay the bills. On the merger isn't it official already after the recent votes?

TNR Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
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