Nobody mentioned the $3.2 cash injection we've just received in August?
"TNG lodged a Research & Development refund claim for $3.2 million for the 2013 financial year under the Federal Government’s R&D tax incentive scheme. The Company received the full amount of this R&D claim on 30 August, further strengthening its cash resources."
That should help negate the need for a CR prior to any Finance deal being arranged I'd hope.
It's such a monster of a project, very important to get all the finer details ironed out, so an accurate BFS can be completed (early 2015).
From an investor's point of view, I'm happy with the progress. Thinking as a short to medium trader, it's tying up a lot of my working capital, and with a SP drift sideways likely, I'm wondering if it's better put to use elsewhere until things start to move? I guess I have to decide how best to trade this stock over the coming 3 months or so.
