TSO 11.1% 3.0¢ tesoro gold ltd

As it stood before they would still be in a contribute or dilute...

  1. 223 Posts.
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    As it stood before they would still be in a contribute or dilute situation situation for the remaining 20%, although by that stage it would be majorly de-risked and easier to raise capital for if they didn't already have it themselves.

    Now they are on the hook for 30% of capital for a riskier period that they weren't originally planing to fund. I'm just hoping they take a pass on it so we get our extra slice with money that would have been spent on development anyway.

    Zeff holds a large slice so his interest should be directly aligned with ours, but I would like to know who pushed it, that would give us a better idea of the outcome.

    Zeff is presenting at https://www.australianenergyconference.com.au on the 18th on March, and we should have the answer before then, it will be interesting to see what he has to say.
 
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