I think the MOKE deal is pretty much done by the price action except we are waiting for the formalities I feel. Everyone is waiting for the announcement before they jump in heavy because at the end of the day we know certainties will attract more buying than rumours.
There are plenty of projects available that are lacking funding around the world. There would be plenty of coal seam gas projects I reckon with all the coal mines shutting down due to poor coal quality and also govt enforcing the pollution issue, thus there will be plenty of coal companies wanting to have alternative income. Thus it wont surprise me if they do what bsp is doing, build the company up via acquisitions through cash & script. With bsp's connection, we wont be short of fund I reckon.
TNP Price at posting:
1.0¢ Sentiment: None Disclosure: Held