TTY territory resources limited

i'm not sure its noble buying. they'd run into issues involving...

  1. 10,824 Posts.
    i'm not sure its noble buying. they'd run into issues involving gaining effective control (under the corporations act) of an australian company at over 20%, and they could convert up to $21m debt to equity instead of putting more cash into a high risk company. DCM would be very close to pushing over the 15% that triggers FIRB approval. my guess... crawley resources, teaming up with DCM to upset the apple cart. its a play that's looked quite juicy for a while, its all wheels within wheels, and michael's been a bit too quiet recently. TTY isn't far away from being a significant cash-cow for someone over for a year or 2, so long as all the ducks line up, and it doesn't all disappear into a muddy hole in the NT.

    who knows, a bit of action might well give the s/p a lift.
 
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