Is terramin ringing shareholders? Are they trying to sell the merits of taking up the offer? Surely they must be aware the cap raising will be a monumental flop if the status quo of info out there remains the same. I regrettably sense the company gambled on good news, it hasnt happened and now a very awkward position is upon them. Frankly, I sense shareholders have had enough, anything other than a sign off by the Algerians at this point, will fail to excite. My tip, no good news very soon (and realistically it has to be next week, otherwise investors just wont have time to mobilise funds) and these shares will see lower levels, hence probably no need to jump into cap raising. I hope Im wrong.
TZN Price at posting:
12.8¢ Sentiment: Hold Disclosure: Held
