I have been holding tnp for a long time too.. I remember the days when paterson did the raising at 2.2c. I bought some then and have been accumulating since that time, bought more at around 0.5-0.7c and then heaps more once bsp was entrenched and seeing how they function. So yea I am waiting too but I also think its a bet that I am willing to take.
What we need to remember is, yes we lose opportunity cost by holding on over the 2/3 years, yes we could have made money via other companies but then we could also lose money. Whilst triple hasnt done a lot, price has been fairly sticky. The capital we have put in may not have generated too much but we havent lost too much as well yea?
Lets just say, me and my 3 friends have a holding of around 75-80m shares. We got plenty to lose but we also got plenty to gain. Sometimes its a matter of trusting the management and put them in the bottom of the draw. Invest the money that you are able to lose, not that we are hoping for that.
TNP Price at posting:
1.2¢ Sentiment: None Disclosure: Held
I remember the days when paterson did the raising at 2.2c. I bought some then and have been accumulating since that time, bought more at around 0.5-0.7c and then heaps more once bsp was entrenched and seeing how they function. So yea I am waiting too but I also think its a bet that I am willing to take.
