I agree that the sp should see some great gains, but we really need some big volume days to turn over the shares of the longer term holders, especially those that got virtually free oppies some time back and have been sweating on the delays.
Picking some up on a dip down as low as 11c is a possibility??
Also, the need for funds will keep the sp in check somewhat with the persistant feeling that a cr could come at any time soon.
I think it will be a week or so, but the lure of such a big find and any whiff of success will push this along to much higher levels. Let's hope it will be a sp above the 20c needed to ensure the oppies are converted.
Best case scenario = o & g find, oppie money pours in - company making find and $1.20 sp, more deals with CASA - ah the dream.
TNP Price at posting:
13.5¢ Sentiment: ST Buy Disclosure: Held
