Lets see what the distribution looks like tomorrow or whenever....

Lets see what the distribution looks like tomorrow or whenever. Yes 2 cents oppies are basically an offer of deeply discounted shares. It depends who the holders are. If strategic and position building well that may be less of a negative. If flippers and fly by night characters that that is a totally different scenario. But eventually the wash will pass through but dilution occurs at the expense of non-participants in a generous CR with cheepie oppies.

IMHO I think that TNR are still onto a potentially good project given what we have seen so far. Results tell the truth (so far). I do recall discussion previously by the company which suggested that this type of transaction was not on the cards. Never believe these type of statements from companies. Some companies screw it up so much that the dumping can take a long time and any sentiment in place pre-CR eventually evaporates. Timing is gone as a result.

As regards the crypto transaction my suggestion is to just forget it ever occured - it may work out and it may not work out. The bottom line is that this company is exploring for gold - that is it - full stop and anything else is just a side bet - the virtual world may be the future - who knows? It may be a windfall - beware of hoping for windfalls.

So we are still on track - the money should accelerate drilling - the complete bet now is all about the results - indications suggest more of the same - lets see what happens. A key positive is a stabilising POG based on fundamentals and technicals - at least for now.

DYOR