Good question f32 From their last preso at Noosa Mining Conference 30 September they have cash of $5.2m and since then have or are getting $850k from Talon and of course they are incurring expenses, but the operation is low cost. Two significant factors at play right now for TMK with regard to the SP - Market expecting a CR - 1.1 billion shares and 550 million options to be issued I'm hoping the company will avoid a further CR as I'm also hoping/expecting a farm-in or other corporate action in very near time, but no doubt the market is expecting at this stage. I think we will get to the time the December quarterly is released and that will give us a better idea of where we and company are at. Company obviously looking to get the share issue squared away and then with the 100% ownership complete will be able to make the next move on this project as they certainly cannot do this own their own. Meanwhile I ponder these figures from the Noosa conference. 1.2 TCF (2C) 5.3 TCF (2U) 1.2 TCF ~(1280PJ) of gas at US $10/GJ equates to US $12.8 billion My opinion only GLAH
TMK Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
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