The spp has been on the cards since the deal with BSP was done. It is an opportunity for shareholders to participate at this low price, so everything wasn't in favour of BSP receiving all of the 'cheap' stock. In my view management would have received more flack if shareholders weren't given the opportunity to participate. I'm pretty sure the spp is underwritten by BSP, so they will get any shortfall.
Paul has great belief in this project but has had to overcome considerable hurdles to get to this point. I'm in......but please be aware that it's high risk so not for everyone.
Regards
Doyle
TNP Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
