According to last quarter activities and cash flow report, the company intends to farm out 80%. This must be positive as it should be cash flow positive, giving management of TNP to look at other projects. They mentioned they had about $2 million in cash at bank, about $1 million from the placement at 2.2c and subscription from existing shareholders. Looking at the fundamentals, things should change and the SP not drifted as it is now.
TNP Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
