The market cap is very low so there is still potential for upside, assuming the project goes ahead. The cap raising won;t be for some time I would have thought, maybe soon after due diligence is done. It depends on what the cost of drilling will be . If they need more than they have then the CR will be shortly. It is inevitable for small companioes to CR so no issue for me.
The other issue is how many stale holders went away today and how much was churn. It may well be that 10% of the register is new and everyone today paid above 1.6c so could well take off early Monday morning. Appears tightly held at the top end.
If they pick up another deal then this could get a bit exciting. Only entered 2 weeks ago at 1c so pretty happy at present.
TVN Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
