Ann: TNG to raise $15M by Institutional Placement & Rights Issue, page-160

I gotta be open about my thoughts and feelings and say this is the third time that I've felt nervous about TNG, at least in the medium term. The first was just before Tivan was proved up, albeit at pilot scale and the second was when Vimson came on board.

The SP has been well below the level that Vimson bought in on a few occasions. Will it go well below the new comers level of 9.3c given that PB couldn't be bothered with buying at 8.3c?

The annual EOFY fire sale is coming up quickly. Where will that take us?

EOFY also marks the end of the Q2 which means the refinery EIS should be submitted. Will the incomplete FEED (designs) from SMS or something else mean another delay?

Will there be a mega blow out with the FEED cost as another explorer realised not too long ago, resulting in the SP tanking? Eg what will a 50% increase in capex translate to regarding project economics and the ability to raise funds?

Will Tigers, one of TNG's biggest flag bearers sell out completely?!

I've got about 2.8m reasons to be nervous so jump in where you can. Cheers