So a $1m Placement means $750k (or 75M shares) by a party/parties other than Dag Stromme's $250k (25M shares)..
Is it strange we don't know who that is yet?.... or do we know and I just haven't seen?
In the Completion of Placement and Institutional Entitlement Offer announcement they quoted Dag Stromme but didn't say where remaining investment is coming from?
Here's a thought.... is it Repkon...!!
Which would provide motive for and help explain this CR 80% discount.
Im very interested to know as this whole scenario could be explained by TTT keeping their JV with Repkon alive and kicking.
Repkon Investments so far
$2.5M at 26c = 9.6m shares
$2.2M at 16c = 13.75m shares
with possibly
$0.75M at 1c = 75m shares
If it is Repkon it would give them 98.35m shares a 5.5c average !
I know its a stab in the dark but it does make a little bit of sense to me ....
So a $1m Placement means $750k (or 75M shares) by a...
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Last
18.5¢ |
Change
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Mkt cap ! $187.0M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 18.5¢ | 14.8¢ | $2.390M | 15.13M |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 457540 | 6 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| TTT (ASX) Chart |