I read in the newspaper saturday, that directors said this raising will "unlock" shareholder value.
This is a major dilution and april 2010 was trading around 70 cents to now at under 3 cents with a 2 for 1 CR, this IMO is placeing TZN in the highly spec resource sector.
How this can unlock shareholder value with 3 times the amount of shares in issue when the stock has crashed from 70 to 3 cents is beyond me.
I understand the economy is under pressure but this is extreme.
Nice to see at least the board sees this as positive
capital raising, page-4
Add TZN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $63.49M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19000 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 200000 | 1 |
View Market Depth
| Last trade - 16.12pm 05/07/2024 (20 minute delay) ? |
| TZN (ASX) Chart |
Day chart unavailable