Australia's largest stock trading and investment forum Australia's #1 stock forum

TIE

Click for more information

0.00%

67.5¢ tietto minerals limited

Has anyone thought possibility of a heap leach addition? Anyway,...

First 46 Last

Share
Profile

Follow
L-Carter

120 Posts.

30

25/03/22

12:22

Post #: 60421915
Share

Originally posted by Kookaburra777: ↑

A$100m two tranche placement at A$0.50 per share, with the ability to accept overs (Placement).
Petra Capital is the Sole Lead Manager and Bookrunner to the Placement.
• Funds raised will accelerate development at Abujar Gold Mine, increased exploration & working capital.

Offer Details
• A$100m two tranche placement with the ability to accept overs (A$48m tranche one).
• Offer Price: A$0.50 per share.
• Discount to last close of A$0.585/sh: 14.5%.
• Discount to 5 trading day VWAP of A$0.596/sh: 16.1%.
• Discount to 10 trading day VWAP of A$0.585/sh: 14.6%.
Financial (31 Dec 2021 – unaudited) Cash: A$52.3m, Debt: Nil*.
(* The Company may seek a debt facility to support the Abujar Gold Mine.)

My thoughts: Seems they may be aiming to increase equity contribution to capex costs and possibly decrease loan amount? Or, if they suspect (or already know about) a cost blowout, they may need both?

This comment covers a multitude of possible sins and scenarios, "Funds raised will accelerate development at Abujar Gold Mine, increased exploration & working capital."

Expand

Has anyone thought possibility of a heap leach addition?
Anyway, sure we will find out soon enough. Will get funds ready incase entry price comes back...

TIE Price at posting: 58.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

QML

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

PRU

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

As Nvidia cools, we're looking to Aussie AI

CBA breaks trading record on strong day for Aussie financials

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

LAM

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

OCC

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

There are more pages in this discussion • 103 more messages in this thread...

First 46 Last

Add TIE (ASX) to my watchlist