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4.9¢ tiger resources limited

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Nikec

2,468 Posts.

1

21/12/15

16:45

Post #: 16660902
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Originally posted by Amitabh Bachan ↑

If the company is worth 10 cents why are they happy to accept 4.7 cents?

You only take less than what you worth if you know that you will be worthless or whatever you getting is best you could get.

As big Instos I would bring this down to 4 cents so no one takes part in entitlement offer and then soak up all entitlement offer at 4.7 cents. It is hard to accumulate at 4.7 millions of shares but if I dump and then participate for entitlement due to shortfall as the current price is now 4 cents I can load up millions of shares on offer.

From retail perspective I shall sell my holdings now and load up as soon as it hits below 4.7 cents as my retail holding of few hundred thousand is peanuts for big Instos.

Don't forget as a retail holder you can always subscribe for more shares then you qualify as per the offer.

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I dont think you seem to understand. Institutional offer ends today. Retail offer ends in January. Instos would need to keep this down for over a month.. I doubt they really care.

TGS Price at posting: 5.2¢ Sentiment: Hold Disclosure: Held
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