My guess would be yes in the short term and lower going forward for three reasons.
Firstly, PB sold 6m at 8.3c not long ago and he would know better than all of us, where we're at.
Secondly, another milestone, the EIS application, has been missed again and again there is silence from the company regarding this. Now two weeks past the deadline, which has constantly shifted for years. So why should we believe the latest milestones they delivered? The answer: We shouldn't.
Lastly, given the progress of other companies that are further ahead and how long they have taken to get where they are, there is no way TNG will be able to get to the point of FID in a shorter timeframe. If historical performance counts for anything, it'll take them longer. Having said that, expect at least another two CRs before FID, which may mean the SP gets discounted further.
Fool me once, shame on you. Fool me many times over about eight years, shame on me.
My guess would be yes in the short term and lower going forward...
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