TGM 0.00% 13.0¢ theta gold mines limited

Ann: Cleansing Notice, page-8

  1. 11,400 Posts.
    lightbulb Created with Sketch. 565
    Yeah think they'll raise post consolidation, probably aim for 50/50 equity and debt deal for the project then make decision to mine.


    That means they consolidate to around 320million shares. Add 6.5million raised at likely 8.5-9c, say 75million shares and then use debt for the other 6.5million. I've added 2million for working capital through that process. 


    I don't think its a bad plan and obviously new name is to not remind anyone of the history of the stock, which hasn't been great, but the new team seems to be doing okay. I watch eagerly.

 
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