TZN 0.00% 3.4¢ terramin australia limited.

capital raising, page-4

  1. 2,854 Posts.
    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
 
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