$50000 worth of shares (380000 shares) was all that was needed to take 8% off the company today.
This is not a major sell-off, but the share has not had the pre-spud, nor drilling sp increases normally expected with such a big project. Many do not like to hold for the possibility of a duster and have taken their profit/loss and run.
With little money in the bank and few other prospects at this stage, alot is riding on success of this project and getting oppies over the line.
We are all waiting anxiously for the drill bit to hit target. CAZA has had an amazing run off successes - lets hope it continues.
TNP Price at posting:
11.5¢ Sentiment: ST Buy Disclosure: Held