From the Company's point of view, I'm sure it's easier to attract new investors before a re-rate from a comparatively low price occurs, rather than after that re-rate.
Still, for us existing shareholders it's pretty disappointing given that I for one was expecting the share price to continue to move upwards this week and next in anticipation of drilling campaign. In fact we had already begun moving up with a 16.7% increase between the 3/05 (2.4 cents) and the 13/05 (2.8 cents).
More waiting unfortunately.......
TNP Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
