A very poor production season, some tig's fault some out of their control like coal price. Short term bridging loans from major shareholders that require payment in Jan. Virtually no funds in the kitty. Major shareholders happy to take payment back in form of 1c shares. So, re-capitalisation at 13 for 4 at 1c, and if fully taken up, Tig will have some funds to keep the wheels oiled..
If you believe tig can get through this, build a wash plant and start producing and selling quality coking coal as was promised, they may make it. Third near death experience.
Top 3 shareholders believe they can do it and have already loaded up on 1c shares through rights.
If you have the cash, as agent says, pay up, or be diluted.
A very poor production season, some tig's fault some out of...
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Mkt cap ! $39.20M | |||
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