I got to be honest, I didnt think I would get any at 1c at all. Maybe its all just too much for some people during this equity meltdown.
Triple will be undergoing acquisition style of growth model just like bsp. Companies are running out of money in China, perfect time for us to buy all the real good projects for a very good value. The real big tick of approval for me is BSP is our parent so we wont bankrupt at all because we will become a subsidiary of BSP. We will have to raise money but we wont have any issues with regard to that simply because money from china and hk will be wanting to get a piece of triple. We havent really seen any real investors from hk investing in triple yet. The dec buying was from hk as we spoke about. Thats just a snap shot.
Coal companies are dying in china because of pollution issues so we stand on very good grounds to have really good CSG because coal companies would need another source of income. As per investor presentation, they are going to be buying another block from Ordos basin and then one under negotiation in inner mongolia (which is part of china and not outer mongolia). While bsp has the networks and pipes in all different places, we will be buying assets close by to generate reserves and on sale the gas.
So people can keep selling hehe I am not fussed.
TNP Price at posting:
1.0¢ Sentiment: None Disclosure: Held
