I'm sure there are plenty of examples where good opportunites have opened up based on litte or low funding. Whether cash funds or direct dilution. One thing going for them is they can survive a few quarters on minimal cash as admin costs are sub $150k per quarter at the moment. I'm hoping/preying something will arise before June as i don't think Thames will go ahead now by the sound of it. I'm sure an update of sorts will be forthcoming within weeks whether or not anything has been decided. Some of these guys were heavily leveraged to this play and they would be absolutely gutted right now so everyone should give them some space and let them recover from this before hounding them. Perhaps somesort of an EGM may be called?
TNP Price at posting:
4.3¢ Sentiment: None Disclosure: Held
