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0.00% 3.3¢ tanami gold nl

Ann: Loan Facility , page-5

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  1. ML173
    9,596 Posts.
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    08/04/13
    13:55
    Post #: 11616124
    I haven't seen many careless moves causing great destruction of shareholders equity. Very bad capital management indeed...

    Why this debt facility @ 12% is putting in place so soon just after the CR ?.

    Didn't they just completed a 20c placement and right issue for $65.3 million?

    Why couldn't they just raised a bit extra to avoid the need for this minor $15mil debts facility ?

    Something does not sound right with this coy.. Good luck people.
    TAM Price at posting: 9.2¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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