That will make them our number one shareholder. Probably not for long as plenty more to come I believe. Around $3oomil to raise for the mine. How much of that will be equity??
Yep unfortunately SP will probably take a short term hit but believe this is further confirmation that we're going ahead and the SP will rise accordingly as more companies take a stake in TNG.
At least they won't be dumping on market!
Ann: $10M Strategic Investment from Indian Mining Group, page-26
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