agree. their are alot of stocks atm that could spell disaster...

agree. their are alot of stocks atm that could spell disaster for all the new blood in the market come correction time.

that is what is great about TNP right now

how much downside can a duster have?

realistically, it will mean that they need to raise funds for Thames. eneter Cygent and their soph mates for maybe a $2m placement.

how low could they go if Arran is a dry hole? even at 10c, you could raise the money with 25m shares - making for a $10m mc with $2m cash

so likely downside seems pretty low to me, esp when you can still pick up shares on a good day at 11.5c.

then there is the prospect of what new acquisitions are being thrown on the table right now.

a dud might see a spike down to something crazy like 7c, and then next thing you know they could announce an interest in some African monster assets and all of the sudden the oppies are in the money.

that's the beauty of the capital structure right now. ANYTHING is possible