re: Ann: Capital Raising and Well Programme U...
Going by the complete lack of selling today i would say the .022c will most likely hold as the support level for now. Less than 800000 shares dumped today by a few impatient holders....... the majority of holders including myself seem to be content to hold for the drilling to commence in the next week or so!
"The Company intends to cap funds raised under the SPP at $500,000, equating to approximately 22.73 million new ordinary fully paid shares in the capital of the Company. Triple has approximately 999 registered shareholders as at 15 May 2013 and applications will be accepted on a first come, first served basis."
Should get snapped up pretty quickly i would say with drilling kicking off in the near term.
"Once the rig is able to enter the drilling pad, it will be prepared for drilling operations including the health and safety induction procedures. Drilling activities will commence as soon as practically possible. The well is expected to take 20 days to drill to total Depth of around 900 metres with testing procedures taking around another 5-10 days."
So 25 to 30 days for results from the first drill to be announced once the rig kicks in. Late June.......
TNP Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
