Sorry guys but I got that wrong. How about you get in and get rid of all those TU, I certainly don't deserve them.
Anyway the capital raising didn't do too much damage to the SP. I was hoping for a higher flight but a company has to have some money. The cost of drilling and then paying for the lease will mean more Capital raisings but plenty of leverage still left. A $20m company now with the new shares.
A successful drill campaign and electimg to take up the leases should mean another doubling or maybe a bit more.
Saltbus
TVN Price at posting:
3.2¢ Sentiment: Hold Disclosure: Held
