OK so there we have it, AIMS and M&G will be taking up their rights but try need to raise a minimum of $2m more to show they can survive for 12 months as an ASX requirement for resuming trading. That would be skating on thin ice
Can't be understated this is highly speculative, that these creditors and major share holders are supporting try provides some comfort but doesn't take away the speculative nature.
LOL does anyone read a prospectus in it's entirely, I am taking the view that the Smarts underground that a good part of the 280,000 ounces au in indicated and inferred resource could be proved up and added to the current 89,000 ounces au
I'm inclined to take up my rights issue and make an application for short fall shares.
Interested in what other SH intend to do in regards to the right issue
TRY Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
