Madaz, you live in dream land, the first tranche on the loan is $18M, TNC has allocated $13M to refinance the Rehab to the DOR/DES Qld Gov, $5M to repay a private loan....All gone! Of the $10M raised recently its all gone as well! Admin/Staffing Costs/Exploration. Current cash position as of 31st Dec is $1.63M, that's it. Tranche 2 will be paid when mining/production starts. How can you start with $1.63M? The Cairns office will dissolve that each month. Sorry to say, but its not looking good. My guess Marty will be gone by mid/end of Feb. Sorry state of affairs!
Bewildered, page-7
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Last
5.0¢ |
Change
0.003(6.38%) |
Mkt cap ! $42.89M | |||
| Open | High | Low | Value | Volume |
| 4.7¢ | 5.0¢ | 4.7¢ | $50.01K | 1.018M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1114778 | 4.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.0¢ | 342825 | 4 |
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| Last trade - 13.03pm 17/07/2024 (20 minute delay) ? |
| TNC (ASX) Chart |