Australia's largest stock trading and investment forum Australia's #1 stock forum

TMT

Click for more information

0.00%

26.0¢ technology metals australia limited

Ann: EKF Issues Financing Letter of Interest, page-32

First 32 Last

Share
Profile

Follow
teddie

4,120 Posts.

1743

18/01/23

13:36

Post #: 65752598
Share

Originally posted by James7821: ↑

A bad capital management decision would be to conclude "they've got +10m in the bank!", then let the good news roll, share price rallies and inevitably pulls back a bit (or a lot, who knows), and then be left with no immediate news, a desperate balance situation (say $5m in bank or so). Now you need a big discount to win over investors who are in command.

Part of good capital management is making sure you have a big buffer for the inevitable surprise down the track. It's not just about how frugal they are with their expense budget, it's also about when, how much and why they raise. If they're raise soon but its paired with good news, minimal dilution and for a good purpose I will chalk it up as another demonstration of good capital management, even if it means raising when they've got $10m on balance sheet.

Expand

100% disagree.....When they say they have enough funds to last to FID that's good enough for me......I laughed pretty hard when you said $5 million was desperate...thanks for that

TMT Price at posting: 35.5¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

BUX

Buxton projects new graphite province discovery at WA Narryer play

There are more pages in this discussion • 31 more messages in this thread...

First 32 Last

Add TMT (ASX) to my watchlist