Club Mulgoa

Tuesday, October 30, 2012

TPT

Since its SPP was announced at 28c, the share price has climbed to 37c.  It is simple to ask whether to buy the maximum allowable.  But the company is not intending to raise that much dough so I won't get the full entitlement.  Sometimes it takes months for the refund to occur.

There is a lot of interest in offshore Moroccan tenements.  But whether it will be a success or not, I can confirm that it is a very risky business; usually a... failure.  So don't touch this stock unless you got guts and spare cash.

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