My understanding is MT needs fundings to exercise his old options due to expired soon
instead of selling his shares for funding, he took out a personal loan with TLG shares as securities.
lender
Huge endorsement on undervalued share price on TLG here;
- If MT recons the current share price is overvalue he would sell shares to cash out instead of taking out a loan. He is more than happy to pay loan interest rather than selling shares at current price
- the lender is happy to keep TLG shares as securities is also a strong endorsement for current share price and the potentials.
Now I will be very happy if I can get my full SPP allotment
My understanding is MT needs fundings to exercise his old...
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Last
55.8¢ |
Change
0.013(2.29%) |
Mkt cap ! $214.5M | |||
| Open | High | Low | Value | Volume |
| 54.0¢ | 56.5¢ | 53.8¢ | $158.2K | 287.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 38204 | 55.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 56.0¢ | 9400 | 7 |
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| Last trade - 14.38pm 12/07/2024 (20 minute delay) ? |
| TLG (ASX) Chart |