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67.5¢ tietto minerals limited

Ann: $49.3 Million Placement Agreement, page-51

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naomhan

1,180 Posts.

1068

13/09/22

22:54

Post #: 63682032
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Originally posted by Davisite: ↑

You need to spend money to build a mine. It doesn’t matter how much we are diluted, provided that what we own is worth more than before the dilution.

TIE has been rather unusual in that it has been willing to not go down the usual “make the bankers rich” path and has built a plant on equity alone at pretty decent prices. I actually can’t think of another mining company that has played the whole capital raising game the same way, but if other can please pipe up.

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You do remember the part about being fully funded in December, right? Everything since then was to speed things up supposedly. I dont know about you, but i'd prefer to own 100% of a mine that will produce in 2023 than 66% of a mine that will produce in December. Thats where we are.

TIE Price at posting: 52.0¢ Sentiment: None Disclosure: Held
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