There's no getting around the fact that TNR shareholders have...

There's no getting around the fact that TNR shareholders have suffered a massive destruction of value over a number of years
A look at the annual report distribution of shares shows that the majority of TNR holders are holding unmarketable parcels.
Off the back of an impressive 66% rise yesterday (some brave soul invested a whopping $500 ) TNR has a MC of $2.5m, bugger all cash and worthless assets.
If I were a TNR holder I would consider that I had only 2 options-
write it off as a bad experience
or
Take a good look at this new proposal, the quality and location of the assets, the track record of incoming management in finding gold and the potential upside attached to those assets.
If one comes to the conclusion that there is potential for a reversal of fortunes then no doubt there will be an opportunity to participate in the upcoming CR.