whats the sudden interest, page-40

As per last report...

"The Company will require further funding during the 2012 and 2013 financial years in order to meet day to day
obligations as they fall due and progress its exploration projects.

Based on the Company’s cash flow forecast the
Board of Directors is aware of the Company’s need to access additional working capital funds in the next 12
months to enable the Company to continue its normal business activities and to ensure the realisation of assets
and extinguishment of liabilities as and when they fall due.

The Directors are aware that the Company has the option, if necessary to relinquish tenements in order to
maintain its cash funds at appropriate levels.
Based on these facts, the Directors consider the going concern basis of preparation to be appropriate for this financial report."


"Focused on the exploration of the Canning Basin Coal tenure.
Work included extensive desk top studies,
and signing of four Native Title Heritage Protection Agreements (HPA) with the result that more than 90%
of TPL’s Canning Basin tenements are now covered by HPA’s allowing clearance for on ground exploration THROUGH THE 2012 EXPLORATION SEASON.

Sudden interest may be to do with exploration activities about to ramp up?, but in back of mind must be the need for further funding.... a new funding partner perhaps?

Not so sure ..but interest in the stock is up so may be worth a small punt?

Bounced off 12 month low in March and has headed north since.

On the watchlist.