allocation of shares and options, page-33

S39, it all comes down to a finance deal on Mt Peake...simple as that. It will not be a Bank; it will be a large entity for which the project hits certain hot buttons, whether that be the end product, the engineering, whatever. I know that a lot of ground work has been done to that end. We just need to trust that the MD can get a deal across the line which makes sense and delivers the goods. With the drop in the A$ the NPV and economics must be looking better and better.

If you can, take a deep breath, relax and don't watch the share price too much the next little while. That's what I plan on doing. I have over 4m of these things now, and it drives me crazy watching the share price slip, but there is little I can do, but hope the MD is going to kick some serious goals for us !!

Given Mt Peake is worth, on paper, $3b and given the low market value currently of TNG, you would expect there is some decent upside here.

There is always the possibility this will never get off the ground; but I have a sense it will. Time will tell, and the clock is ticking. The Board know a deal on Mt Peake is paramount. It really needs to be consummated in the next 9 months at worst.