the sceptic in me suspects that's somebody pusing up the price just before the next capital raising. Why would anyone buy on market at these levels if we all know a capital raising is coming? A 0.08 close justifies a 0.06 raise. If market at 0.06, raise would probably be at 0.04 or worse. They need cash to drill a new well in March ... expect dilution... other than that, expect nothing of major importance until the next well is drilled. Chuck this one in the bottom drawer for 6 months and wish for the best.
TNP Price at posting:
0.8¢ Sentiment: None Disclosure: Held
