Gee I need some help understanding the following:
- On 11 Oct TLM announced it had cash at bank of approx $17,500,000.00 or 9.4 cents per share (along with statements of having ample cash to .....).
- Resolution 7 of the AGM wants to approve a 10% Placement Facility (this is over and above ASX Listing Rule 7.1 which allows up to a 15% Placement Capacity.
WHY do the Board need this given they have $17,500,000.00. At 10c Resolution 7 only would raise $1.85 million or ~ 11% more cash than they have now.
WHAT message are the Board Signalling - particularly as any such Approval lasts for one year?
Dan the Man get your "Story" consistent!!!! No wonder you nearly have a Company with a Zero EV.
Ann: Notice of Annual General Meeting/Proxy Form, page-3
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Last
22.0¢ |
Change
0.005(2.33%) |
Mkt cap ! $41.43M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 20.5¢ | $18.44K | 86.88K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 16427 | 3 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
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