$12.48m in Siberian coking coal
Tigers Realm Coal (ASX:TIG) is a rare breed on the ASX, being involved in Siberian coking coal.
Dr Bruce Gray put around $12.5m into a $40m rights issue, which will be mainly used to repay debt and interest, but some money will go to its project.
Falling coal prices and underperformance at its port hurt Tigers Realm in 2019. It wants to increase capacity and sell more metallurgical (the stuff used to make steel) rather than thermal coal.
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Mkt cap ! $39.20M | |||
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