Possibly, but the speed with which it occurred shows it was "pre-meditated". TAS have 3 things on the go - TAS, EDE and CNJ and funds needed for all, so I dont blame them for raising the cashAgreed, but I wonder how many of the sophs who applied and get their shares Friday, already had shares from prior Rights issues and will flick those they already own at considerable profits in order to rebalance portfolios. You can bet that Venn diagram has a fair bit of overlap.
But the real issue I'm querying is who wants to sit out of potential game changing assay results. CHK reporting this week too so the general area has full focus of thousands of pairs of eyes at the moment.
Agree it is hard to see this breaking 13c without good news.
Ann: Lake Torrens IOCG Project - Drilling Update, page-42
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