I'm told the raising is finalised, but they are still finalising paperwork, so not as I feared that they hadn't been able to raise the money. However it's really all speculation until we see the announcement.
No question that investors will be far more nervous then we were, but I have faith in Paul as his background is pretty strong. Anyhow they will either have success in their first two drills or not, and that will determine everything. What all the delays have done, has taken some of the upside out prior to the results. if they can get the drilling back on track, with weekly updates, there should still be some relatively low risk money to be made prior to the results. BOP is either at the site as we speak or very close. So don't know about the exact dates, but they now have all the pieces to actually get going.
TNP Price at posting:
2.8¢ Sentiment: Hold Disclosure: Held
