TLG 1.74% 43.8¢ talga group ltd

Ann: Quarterly Cashflow Report, page-5

  1. 199 Posts.
    lightbulb Created with Sketch. 65
    A company can raise up to 15% of its listed shares at any time.
    I am dissapointed to see Talga doing a CR of 10%. If shareholders are being asked to pay 54c, its a kick in the teeth. What a coincidence the SP was hitting new recent highs when they set the price at 54c!!!
    Who was driving it up?
    Talga got what they wanted, a high issue price. Reading the Notice of AGM, yet again we see Directors getting a free ride.
    51c today and price seems stuck. The money Talga have spent recently on financial advisers, and all we get is a CR at a premium?
    Not good enough Talga. Make issue price 15% below 54c like most reasonable Co's do. Otherwise suggest shareholders buy on line and ignore 54c offer and wait for one that doesnt insult our intelligent.


 
watchlist Created with Sketch. Add TLG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.