I can understand what your saying but TM is relying on a third party to put its ducks in a Line! You ever tried to get a loan extension on a business with an Australian bank since the GFC? An easy three week decision takes up too three months. Besides the company has a fair amount of cash now and if options don’t get exercised before Xmas and funding comes through what will the shares be worth? They gave themselves some breathing room here they could have another cap raise at a higher level or decide with the funding they have enough money and or offer the debt funders shares at a higher price. They have some options here now, really good options that I am sure TM will take full advantage of.
Unless your a day trader, Just be patient is all I’m saying.
VRC Price at posting:
2.8¢ Sentiment: Hold Disclosure: Held
