With a 20% rise in CAZA on Friday (Canadian time) and a 55% increase in TNPO's on Friday (Aussie time) I wouldnt be surprised to see a push to 17c or so over the next day or two.
20c will be the big resistance and may take some actual positive indications from the well to push through this capital raising price, but the reality is, if current holders truly believe in the drill and hang on to what is a very small available amount of saleable shares, it may well all occur much sooner.
No doubt a big 2 weeks coming up that should offer an exciting ride with huge possible returns.
Risks are obvious (lack of current funds and future prospects) but so are the rewards ($17 mill in oppie conversions, massive upside potential to sp on even the most conservative of strikes and many future possible JV's with CAZA now they have forged a relationship)
All set and ready for the roller coaster!!! :)
TNP Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
