Your track record goes against you here and it looks very much like you’re on target again. My take from the books is, we have 2.6m cash in hand plus 1.2m from the SPP and 3.2m from Tax refund for a total of (lets by kind 7.0m); we have had 2 months of expenditure and I’d say that they have spent 2.0m leaving 5.0m in hand. We do however have in the wings the possible sale of Manbarrum at 5.0m and the unsold 2.3m worth of shares from the SPP which they could try and put up for sale again. So there is eternal hope yet!
TNG Price at posting:
4.8¢ Sentiment: Hold Disclosure: Held
