Ann: TNG Progresses Darwin EIS, page-37

Capital Raising coming around the 5c-5.5c mark imo. But they have to decide on it pretty quickly before the SP goes down more to avoid even further dilution. Plenty more activities to pay for now as we saw in the announcement and no way is the price going to bounce up substantially with everything we have seen the past 2 months. They will be needing to lock in consultant contracts and pay managements wages another 12 months as well. The current cash will not cover it and best to do it right now because there is a risk SP will languish further.

The writing is on the wall, hence why I cut my losses and sold out. I am not saying I will not return in a year's time when we are closer to the end goal. However for now I don't see a lot of risk/reward in waiting for the company to deliver the next 12 months of activities that should have been completed months/years ago.

I am still a firm believer in Mount Peake and it will deliver a lot of money in the future but that is years away. Is it with TNG? I am not sure. Too many mistakes and issues to date. I think another company will take over and get it going to production at some point through a hostile takeover and holders will have no choice but to accept. I will be watching closely from the background anyway. Good luck to everyone, it is needed!!!