So for somebody only discovering this company now. Would getting in at around 45-50 cents be a good long-term investment? Seems like a few months ago people were saying a NPV of 200 million was on the cards and good chances of making a significant discovery or 2. This new chairman seems to be a good operator and out a fair chunk of his own money in... And now they have money to clear their debts (almost apart 7.5m in 2026). What was the market cap 6 months ago when they carried all their liabilities? Now capped at 60 million with 55 in the bank, which is all accounted for. It seems retail have been burnt pretty badly and the big end of town saw something they liked and stepped into benifit themselves (the rich get richer). But if you could get into the company today is likely to grow your money over the next 5-8 years or are retail holders going to get railed again...
TNC Price at posting:
49.5¢ Sentiment: None Disclosure: Not Held
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