I guess the company looked at the footprint of Jäegermeister and estimated costs to drill it out and decided it’s better to raise once and therefore go big.
While initially the options seem unnecessary, these will bring additional $2.5M capital to the company down the track for drilling.
Ann: TG Metals Raises $10 Million in Placement, page-24
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.599M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.5¢ | $23.17K | 171.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 30552 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 96978 | 2 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| TG6 (ASX) Chart |