What is the reason for the 'Material Placement'?
I can think of a few different options.
Option 1:
What if the recent 'slow down' of activities at Lichkvaz has flushed out the 'recalcitrent shareholders' who preveneted a 100% take over of Iberian? These approxiamtely 14% missing shares equate to roughly 7% of Tamaya's capital, which would make it a material placement.
Option 2:
Arco iris drilling results are so spectacular that the board is super keen to get it into production ASAP and to do this they need lots of money.
Option 3:
Toronto listing. The board is disappointed that the share price is where it is, but bites the sour apple and goes ahead with a listing through a Toronto broker anyway.
What do you think?
Cheers,
IHS
material placement for what
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SMM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $4.123M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $18.42K | 4.606M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 6634995 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 550000 | 2 |
View Market Depth
| Last trade - 14.21pm 27/08/2024 (20 minute delay) ? |
| SMM (ASX) Chart |