An announcement regarding the successful completion of the capital raising will be an excellent springboard for the year ahead imo. The last year has seen many changes and a lot of tidying up of 'in house' issues and this all chewed up its fair share of cash.
Now TNR is a much leaner machine with a tighter register and soon to announce, I hope , that they are well funded. We should see a lot more exploration bang for our bucks now legacy issues are sorted and the dust has settled. The drilling Co seems happy to take part payment in paper which will really stretch the value achieved.
Phase 2 of drilling should see plenty more work done on the Zuleika as well as Resource definition and expansion at Mt Stirling well, which I would expect to lead to a resource upgrade.
Also coming up are potential 100% merger of Cascade and Torian, some sort of j/v ?? at the Bardoc project and a shed load of exploration results ( a bit faster than last round I hope). They also seem pretty fancy footed when it comes to securing new ground so who knows what they will pick up.
TNR Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
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