there are many companies do spp to raise funds and it is clearly stated from the last 2 ANN of TYK that:
"Tychean is undergoing a Share Purchase Plan, opening on 21 October 2016, raising funds up to $500,000 to provide the necessary working capital to progress due diligence on new project opportunities both within and outside of resource exploration.
"
Proceeds raised through the SPP will provide the Company with the requisite working capital to progress detailed due diligence on project opportunities."
"
We endeavour to carry out thorough due diligence in the best interest of Tychean’s shareholders so as to stimulate interest in the company, whereby successful discoveries may encourage new joint- ventures."
"
Tychean’s ability to fund due diligence on new opportunities is dependent upon a strong shareholder participation in the SPP.
seems after 1 year and 3 month Bob already got onto something so he need raise more funds to PROGRESS IT.
so i Bpayed maximum of allocation to support this Juniors coz i knew when acquisition announced, there will be huge return to whoever bought..
i endeavour whoever wanna nice return from this junior to support this Junior to PARTICIPATE and i am of the opinion we should get a Big nice X-mas gift from TYK....
it is quite safe entry compared with chasing many stocks already multi baggers and with debts and increase holding with big upside...
last 2 run was amazing so think about when the Acquisition announcement being announced....s
- Forums
- ASX - By Stock
- DRE
- Ann: Extension of Closing Date - Share Purchase Plan
Ann: Extension of Closing Date - Share Purchase Plan, page-6
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DRE (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $60.04M |
Open | High | Low | Value | Volume |
1.6¢ | 1.7¢ | 1.6¢ | $75.97K | 4.566M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 4844664 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 1804839 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 4809664 | 0.016 |
45 | 7776177 | 0.015 |
12 | 2575786 | 0.014 |
3 | 796923 | 0.013 |
8 | 3130555 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 1804839 | 6 |
0.018 | 3370034 | 4 |
0.019 | 1326712 | 7 |
0.020 | 1230470 | 11 |
0.021 | 712984 | 4 |
Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
Featured News
DRE (ASX) Chart |