Ann: Quarterly Activities Report, page-34

I would indeed hope that no-one bases investment decisions on unsubstantiated rumour..

TNT Mines will have plenty of cash..

In FACT.. after expenses to the issue and repayment of loans/creditors - it will have about $4m in cash - ~$2.5m is directly earmarked for exploration development over the first 2yrs.

So the EV is substantially less than $4m "expert valuation.."

Have you thought of perhaps interpreting the word "rumour" as - someone has mentioned something on the basis of anonymity and don't quote me?

No-one said you should buy TNT Mines on the basis of.. or if Pattos clients will fully subscribe to the issue.. @specgoldbug simply suggested the issue was being well supported - that is the way I read it..