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Ann: TMT Strengthens Cornerstone Support - $11.5M Placement, page-17

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teddie

4,126 Posts.

1745

24/05/23

17:20

Post #: 67943707
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Originally posted by Handy777: ↑

Just want to vent some frustration and be realistic...

I am a bit disappointed with this whole thing.

It was a big raise at a big discount equaling big dilution and not 100% necessary.

Now if EPA arrives in the next few weeks, retail will be angry because the CR could have waited.

If EPA doesn't arrive, the price drops due to more delays.

It's lose/lose now, really. On what should have been one of the most important announcements in the company's history.

In saying this, I can only think of one other raise 2 or 3 years ago that stitched up retail like this.

Hopefully this is the last time this happens because a few more of these and the dilution really starts to diminish returns.

And I know Bridge Street aren't flippers and believe in the project. Really hoping Ashanti are the same (don't know much about them)

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Handy a good post....as you rightly say if the EPA drags on then the price drops....then if you are worried about dilution there will be more of it as they wil raise funds at a lower price....damned if you do ...damned if you don't....it was prudent in my opinion

TMT Price at posting: 31.5¢ Sentiment: Buy Disclosure: Held
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