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1.82%

5.4¢ true north copper limited

Ann: TNC secures A$42 million in funding, page-50

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Microcapper

458 Posts.

36

15/02/24

09:24

Post #: 72415549
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Originally posted by RedPeters61: ↑

Its a deal that says nothing good.
The cost of capital here starts with a 2.
Warrants + 7% margin on SOFR that's mid 5'and an OID of 7% s with warrant kickers....hmmmm.
With $13m going to cash collatoralise the rehab bond.
No wonder the market marks the business down.
The only way out of this is for management to start to deliver volumes of Cu concentrate and show that the funding has been used to deliver value to TNC shareholders rather than Nebari investors.
Shares have done nothing but trend down since the backdoor.

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downrampers only ever have 1 agenda as they hold the stock yet hurt themselves by muddying the waters and scaring small fish to sell…..(for those that don’t get what I’m saying is a downramper didn’t get enough stock at the price they wanted trying to delay the price spike until they can increase holding of said stock)

otherwise they would have sold already!!! So they contradict themselves by even downramping as they know they can get a larger price

TNC Price at posting: 7.8¢ Sentiment: Buy Disclosure: Held
2 Upvote

2 Great analysis

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(20min delay)
Last 5.4¢		Change -0.001(1.82%)		Mkt cap ! $47.27M

Open	High	Low	Value	Volume
5.5¢	5.5¢	5.4¢	$24.93K	456.3K

Buyers (Bids)

No.	Vol.	Price($)
6	462873	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	50000	1

View Market Depth

No.	Vol.	Price($)
6	462873	0.053
4	256330	0.052
1	262446	0.051
7	544831	0.050
1	20000	0.049

Price($)	Vol.	No.
0.054	50000	1
0.055	50000	1
0.056	200000	1
0.057	901424	5
0.058	600000	3

Last trade - 13.53pm 08/07/2024 (20 minute delay)

TNC (ASX) Chart