They advised shareholders that they were going to help fund the mining from copper sulphate revenue. However, failure to reach production targets has resulted in a revenue black hole that required an additional capital raising resulting in a 10% dilution of existing shareholders.
If you don't see this as material, I'd suggest you'd be a good candidate for a job at TNC.
TNC Price at posting:
8.8¢ Sentiment: None Disclosure: Held
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