TNC 6.82% 4.7¢ true north copper limited

Ann: TNC announces $5M institutional placement, page-8

  1. 788 Posts.
    lightbulb Created with Sketch. 269
    Everyone appears surprisingly happy about this announcement!

    Yes it's a decent price, but the bottom line is they are diluting existing shareholders as a consequence of not achieving Sulphate production to generate cash flow.
 
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