I might agree with your implication there DDZX except for one thing - TNG's sp is 10.5c proving to me the market considers the MOU's to be a sideshow.
TNG is a company that likes showboating, witness their 10 prospects in the NT - ludicrous for a small company with little money, but oh, how they like to bang on about it. Maybe they could make some moves next door into WA they could really make a splash there.
I think punters will be treating TNG with a lot more caution until they prove they are capable of closing on any of their 'deals' - don't you? And what about that arbitrary comment on MtPeake pushing production timeline out to 2017? Not what you'd expect from a company that has its act together, too many loose ends.... history repeating itself.
tng chart, page-8
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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7 | 521721 | 0.057 |
5 | 515883 | 0.056 |
3 | 288180 | 0.055 |
2 | 143425 | 0.054 |
Price($) | Vol. | No. |
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0.059 | 60110 | 1 |
0.062 | 309967 | 3 |
0.063 | 145500 | 2 |
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