Yes, quite a good point. They still have to pay listing fees and comply with ASX. I'm sure it's no big deal but if you aren't utilizing the market then why bother? I suppose that leads me to believe that at some stage they will advance us.
I'd forgotten about the 'exclusive production' part, thanks for reminding me. The companies recently acquired are involved in the distribution of gas. I just imagined Triple being larger than all of those, feeding the raw material. That could be really exciting. Perhaps BSP is working backwards, acquiring the infrastructure and then once we start producing we are selling gas straight into our own networks. Could speed up the process immensely.
I am of the understanding that whilst BSP wasn't active in keeping us informed, they were not the primary reason for such mind numbing delays in the MOU, was Chinese bureaucracy at it's most maddening.
TNP Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
