TNP 0.00% 2.5¢ triple energy limited

bid@2 cents, page-3

  1. 13,066 Posts.
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    Surprised how few punters are on to this one. The risk/reward is as good as i've seen for quite a while on what is essentially a shell play now almost. The risk of Underwood coming up with doughnuts and price falling back to 1c versus being cashed-up and Underwood sourcing something juicy that also drags his options into the money... well, it's a worth a few grand in as a starting point imo.

    Just to keep it balanced: for anyone who thinks success is a foregone conclusion now, take a look at the Ross Smith debacle over at ROS. He had a very similar incentive-based remuneration, although i would classify ROS's demise as unusual and very unfortunate for shareholders.

    Can anyone point out other risks to consider?

    Look 4wd to seeing how things unravel for Tango.

    GLA
 
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