Your guess is as good as mine. I got to say I was happy to see that we didnt have to pay for wangfeng block. Thats a good starting pointing, getting something for nothing.
I am not so worried about the appreciation of the share price now. Once it runs, we will be off and it may be rather quickly considering the amount of shares trade able. We know they got to raise money above 1.5c since its one of their vesting conditions to get more options.
The deal Beard was talking about, they raised the 200M HK dollar, the conversion price is 67c while the shares are trading at 61/63c. Not bad eh?
TNP Price at posting:
1.0¢ Sentiment: None Disclosure: Held
I got to say I was happy to see that we didnt have to pay for wangfeng block. Thats a good starting pointing, getting something for nothing.
