Fingers crossed.
After reading the prospectus for the rights issue, I can see that Tanga is balanced in it's project handling. I hope that they raise the full amount. And the management is actually doing reasonable job at getting things to progress, unlike some other shyster ASX listed companies I have heard about.
I sent my $2,470 for my rights + $330 for the shortfall, if any. I know it's not much extra, but I hope I get it. Would have sent much more, but I can't squeeze blood from the stones currently. Working hard on a small business so that I gain a steady cashflow which I will be re-investing in stuff like Tanga, and many many more companies on my radar, which have been decimated since February highs.
I realise that's what's been missing in my life - a great cash generating business with super predictable income. It's for the times like this (extreme bear market in spec sector) to take advantage off, that having a good cash generating business becomes so important.
I have heard it said many times before but never appreciated fully the meaning of the phrase:
Cash is King!