TMR 0.00% 0.5¢ tempus resources ltd

Ann: Defective Notice Under Section 249D of Corporations Act, page-10

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    Another thing that puzzled me was this new proposed raise. They raised $700k in Oct to add to the $500k plus held at end of September. No drilling, had confirmed plans to not do anything, and wages were going to be slashed. How'd they burn through a chunk of that $1.2m in 2 mths without being active

    Normally you announce a cap raise with a new acquisition so it might be at a higher price, or at the very least provide incentive to take it up.

    No incentives here, and being fully underwritten which would have likely handed significant control to the underwriter.
    Last edited by dante941: 01/12/23
 
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