placement, page-5

I think it was just a great strategic move in everyone's best interests. TNR have an absolute butt load of results pending any of which may put a rocket under it. I bought some last week when it first dipped below 8c but I did have one concern. That was that they spent nearly a mill last quarter and had just over a mill at the end of the quarter. Clearly a raise was needed but I was banking on the fact that they might release some killer results before hand. If not, well, I haven't bought too many just yet and I would take advantage of any weakness. I sorta got a tad more concerned about the cash situation in light of the both the markets and gold taking a pounding in recent days but these guys have saved the day. It's not a huge amount raised but enough to see the company through for a little while longer until more favourable market conditions return or some kick ass results can be released to the market.