I think the gap is a bit narrower than that.
For arguments sake give us US$5m to go drilling. If its a dud we aren't paying you back and the maximum return we will give you is double the value in our shares.
Or you market cap is $60m and we will give you 50% more equity in the project for half the value.
No doubt the saga has weighed on TMK price and the dilution is greater and feel this has been factored in.
I think its all good from here for TMK as this clears the air moving forward and allows full autonomy
I think the gap is a bit narrower than that.For arguments sake...
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Last
0.4¢ |
Change
0.001(33.3%) |
Mkt cap ! $27.64M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $10.21K | 2.814M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 36563698 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 46220147 | 31 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| TMK (ASX) Chart |