TZL 22.7% 1.7¢ tz limited

announcement due within two weeks, page-27

  1. 16,288 Posts.
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    Roo Roo, Amex and Dnatron

    Emailed management today as to what progress is being made and their reply was the usual corporate reply ... courteous but told me little. CK is not in Oz though as you thought he might be Roo Roo and there was no suggestion that TL is either. CK is in the US and at present he's stuck in snow and trying to get to NY tonight. He intimated that there are a number of options they are pursuing in respect of past announcements to make sure they are "well positioned" (I assume that means regarding the TFS sale), they are very busy (that's good!), and that talking to institutions is a necessary part of being able to respond to the current situation (I take that to mean they ARE in discussions re financing in relation to the TFS sale).

    Nothing concrete and no hint of timing or likley outcome ... as you would expect. So we wait.............

    Sure hope there is a decent outcome from all of this .. the funds I have tied up in TZL could have done much better elsewhere up to now!

    Cheers

    H
 
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