Mode I'm not being negative. I'm presenting a contrary opinion to your extremely bullish one, which I think people here deserve to have the chance to read, challenge and form their own views.
They don't have $15m worth of bull tokens.
- The bull tokens will be released to TNR at a rate of 7% of holding per month until all tokens are distributed which will take over a year to receive them all. If the price goes up great...if it goes the other way...oh well so be it.
- 4 months might be too late for proceeds from TNRO (hence this whole scheme at the moment to get people to exercise early)
- The funds from the TNROA serious 3.5c options is not $12 million until they are exercised, that's years away Dec 23. The initial income will be approx $347K minus the ~$60K fees associated so net ~$280K
- The station could be a good CF +ve investment but its not right now so we can't rely on that
- The cattle muster might bring in a few quid, but it hasn't (and has been delayed once already) so we can't rely on that.
No disagreement about the prospects in the ground.
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