Fellows, just because what happened before doesnt mean it will happen again. Plus the past is the past, what can we do? Sell out if you aint happy, its not like paul would want to raise the money at chump change. He would have done the deal at higher price because he himself aint getting any benefits by sp being this low.
You are working in china, people needs to be paid before things will happen. I am sure it would be the same as over here or in africa when you got to deal with the aboriginals or the black empowerment group.
Trust me the state owned coal company would want the project to go well and as soon as possible, they get 20% for free, degas their mines so safer to mine. BSP will get gas as soon as possible too so then triple can dual list and raise money at lot higher prices. Lets say drilling goes well, shares go to 6cents (just a number for ease of calculation) after drilling and building for production. BSP would only be diluted by 10cents for every share that is issued at 6cents. BSP would wanna to be diluted as little as possible while able to raise money at lot higher price, its common sense. As hk and china stock market are hot, people will jump in not knowing what is good and bad, strike it while its hot.
As for you saying bsp as cowboys.. lol i am not trying to be mean or anything but I think tommy will find that very offensive.
He is the nephew of the 3rd richest's guy in hk. Do you think failure is on the card? If anything he picked up triple at such a bargain and with his connections and the need for clean gas in china. It would be a better positive than if we found another funder. In China its all about connections, have a look at the chinese dealing with aussie listed companies. They take their time. Simple, money talks, when you dont have any, you dont have the power to demand things.
TNP Price at posting:
0.6¢ Sentiment: None Disclosure: Held
