Big news here. Little cash used all equity. Adding a good resource for small dilution. Should see some good SP movement.
Problem with TPET is the history, if you listen to Dave it all sounds pretty good for a punt now.
nice that we haven't seen the usual sell off to 0.40 this time
This is actually very positive. Lets be clear its still a punt, but the company has got a plan, and the valuation can only really go up.
Fair value is prob around 2-3p, stock was oversold but for good reason. Company needs to come up with an action plan. Company reckoned themselves that on a duster the fair value was around 3p. Management could of course have walked away, but haven't partly due to reputation but also as there are some good opportunities around for the right team and company.
drop of 0.15 and 20% is not a big drop for this stock!
So some confidence in guys building stake, but still no sign of a revised plan? stock was definitely over sold, but good reason for that as shareholders have been treated badly
Looked at buying some yesterday around 0.80p mark, this needs time to settle now, and is probably going to 0.3p
The stock must be setting some sort of record for suspension time anyway?