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Ann: New Cornerstone Investor Underpins Tanzanian Strategy-STA.AX, page-19

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Buick33

667 Posts.

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02/06/16

12:54

Post #: 17933682
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Originally posted by 2bitpirate ↑

after seeing what has taken place at STA and RER, investors now have to consider a new risk of directors doing deals to butcher capital structures.
After said deal is done Tembo will own about half the company because I doubt many will take up the rights issue
So why not just finish it now and let Tembo take the whole company for 1 cent.
In a previous post I asked if anyone had researched Tembo's history. I had done a brief search and did not like what I found!
Enjoy the new capital structure of 2.5 billion shares plus 700 million options.
Looks like the Pide Piper is playing a tune.

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Hi @2bitpirate

I share some concerns
Would be interested to know what you found about tembo as I have not been able to find all that much

STA Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
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