If I were an IBR holder who accepted tmr shares I would get the hell out of there quick smart.
Come Friday when the penny drops and people then see tmr hasn't got 90% control of IBR, with 950m shares on issue, no cash on hand [ only had 1m$ left at end of last quarter - 2 mths ago ] , bugger all cash flow[negative cash flow of 7m$ last quarter], falling world copper prices and unable to take IBR's 9m$ coh and having committed 3.5m$ to purchase Charters Towers gold plant, without any money, and unable to direct IBR funds to it without miniority shareholder approval.Would appear a pretty bleak picture in deed.
Looks like this thing is on its way back to 10 cents where it was 12 mths ago in its previous life as SMO.
IBR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
