TI1 0.00% 1.4¢ tombador iron limited

somebody enlighten me?, page-2

  1. 603 Posts.
    I have to agree with you (why 2 raising and reduce costs) this looks an absolute botch up. They raised $1.3m last time and still have $1.8m left in bank. Raising = further dilution (probably going to be done at massive discount by looks of things), and I have no idea how much they raising but it looks like it could be $1m+ but let's wait and see.
    Seems like they may need the cash for more than just Allure? Time will tell, but being suspended doesn't say much for them getting the raising away, means they are still doing the ring around. I just hope we get some good Check-In numbers and Allure ramps up so we can see some traction in the share price. Giving shareholders a chance to participate in the raising could be nice also depending on the discount.
 
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