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11.0¢ terramin australia limited.

As I see it they can't develop anything with the share price in...

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164 Posts.

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28/11/16

16:19

Post #: 20939588
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Originally posted by mc117 ↑

From the June PFR:
"As at the reporting date, the Group had drawn down $9.3 million of two $5 million facilities provided by Asipac. Interest is payable half yearly on the loan facilities and is fixed at a base rate of 7%."

From the September quarterly report:
"During the third quarter the Company and its major shareholder, Asipac Group Pty Ltd (Asipac), have agreed to increase the Bird-in-Hand loan facility by $1.0 million to $6.0 million... As at 30 September 2016, the Company’s cash balance was $245,835 and had an undrawn debt facility of $300,000 available."

It's not clear whether the $300k is in addition to the what remains of the now $11m Asipac facility (of which $9m was drawn at 30 June 2016), but they certainly need cash.

They bought Bird in Hand quite recently, I thought to generate cash to pay for the development of Tala Hamza. Selling it now in circumstances which could be described at least as somewhat distressed, does not strike me as being particularly good news.

I continue to hold a token amount in case a miracle happens and I want an invite into a CR, but at this stage I don't see anything good on the horizon.

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As I see it they can't develop anything with the share price in the dumps so they have to sell something. A great pity.

TZN Price at posting: 9.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 11.0¢		Change 0.010(10.0%)		Mkt cap ! $232.8M

Open	High	Low	Value	Volume
9.9¢	11.0¢	9.8¢	$58.89K	576.6K

Buyers (Bids)

No.	Vol.	Price($)
1	78103	10.5¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	995075	6

View Market Depth

No.	Vol.	Price($)
1	78103	0.105
1	29753	0.098
4	177597	0.090
2	262500	0.088
1	11627	0.086

Price($)	Vol.	No.
0.110	995075	6
0.115	95000	3
0.120	650000	2
0.130	207500	3
0.135	100000	1

Last trade - 16.10pm 13/11/2024 (20 minute delay)

TZN (ASX) Chart