Its a wait and see kind of situation at the moment. They got to make sure this one is finalised to the satisfaction because for sure we will need to raise more money in future to drill and develop the fields. We all know where the money will be coming from, it wont be from Australia.
I had a look at the way bluesky does their acquisitions, all I got to say is we have to be very patient Some of their deals arent closed til over 12 months.
I am still very positive but would be nice to have some certainty but I remain a buyer under 1.4-1.5c
TNP Price at posting:
1.4¢ Sentiment: None Disclosure: Held
Some of their deals arent closed til over 12 months.
