Gee I need some help understanding the following:
- On 11 Oct TLM announced it had cash at bank of approx $17,500,000.00 or 9.4 cents per share (along with statements of having ample cash to .....).
- Resolution 7 of the AGM wants to approve a 10% Placement Facility (this is over and above ASX Listing Rule 7.1 which allows up to a 15% Placement Capacity.
WHY do the Board need this given they have $17,500,000.00. At 10c Resolution 7 only would raise $1.85 million or ~ 11% more cash than they have now.
WHAT message are the Board Signalling - particularly as any such Approval lasts for one year?
Dan the Man get your "Story" consistent!!!! No wonder you nearly have a Company with a Zero EV.
Gee I need some help understanding the following: - On 11 Oct...
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Last
26.5¢ |
Change
-0.005(1.85%) |
Mkt cap ! $49.90M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 26.0¢ | $3.453K | 13.13K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 66554 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 881 | 1 |
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| Last trade - 15.56pm 12/07/2024 (20 minute delay) ? |
| TLM (ASX) Chart |