"... the market values TNG at exact 9.9c." That is a rubbish...

"... the market values TNG at exact 9.9c."
That is a rubbish statement if I ever saw one. The market clearly is only prepared to pay 9.9c but it has nothing to do with valuation. Is is a combination of mistrust of management and concern that a company with such poor management will be able to get finance. If we were to see a genuine finance proposal come through then things would change very quickly. I have chosen to reduce my holding recently and probably contributed to the fall to about 8c (although I did not sell any below 9c and not a lot below 9.5c - someone here suggested I might have triggered some stop-losses). I notice the SP is now hovering around 10c and hopefully will stay there until the air clears. Next step is probably an authority to mine within a couple of months. Best result for all (including me) would probably be a takeover because that would at least improve the quality of management.