Fact of the matter is that whether we get to production or not has nothing to do with our share price. We have lots of competing potential sources of finance and we aren't just going to give away 50% of the company because the share price is low. If they raise capital as part of the development finance plan then it will be a percentage that is mutually beneficial for a long term business relationship. It wouldn't be to the benefit of Hyundai or anyone else to demand more of an interest than is usual because the company is only worth $25m rather than$100m at the time of the agreement. That would only serve to poison the relationship.
Current parties driving the price down know we have until 2nd quarter next year before any major finance agreement. They are looking to load up in my opinion and it isn't hard for them these days given the relative ly low value required each day to drive the price down.
Let's not forget PB just got 4m shares himself back up at 12c wasn't it?
TNG Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held
