TNC
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6.82% 4.7¢ true north copper limited

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

  1. Au9999
    788 Posts.
    lightbulb Created with Sketch. 269
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    28/03/24
    14:09
    Post #: 73104978
    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.
    TNC Price at posting: 9.9¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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