TI1 0.00% 1.4¢ tombador iron limited

Ann: Appendix 4C - quarterly , page-2

  1. 10,917 Posts.
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    I guess you can't expect too much if they paid $35k for a distressed asset.Will need to turn checkout into checkin over time.The shares issued at 2.9c have probably been moved into the market.Options floating around at 3c.So the original people involved paid 1c?Reminds me a bit of SHP where they issued shares which probably found its way onto the market and now the share price has retreated.
 
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