You aren't meant to use TH's strategically .. There was no other party here they're negotiating with, or trying to wall-cross to get them to invest funds or similar, so no reason for a TH. Maybe if they thought preliminary results were leaking they would.
Personally I think lots of THs from mining companies are unnecessary and violate the listing rules.
A TH ahead of an MOU signing for instance is a bit of a joke in most cases.
That said, today's news was definitely very welcome. I'm still yet to convert a decent chunk of options.. Did anyone run in to problems with BPAYing them because of dollar limits with your bank?
--Q
TNG Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
