TYX 0.00% 0.5¢ tyranna resources limited

Just to be sure, are we talking about the announcements: Ceasing...

  1. 486 Posts.
    Just to be sure, are we talking about the announcements: Ceasing to be a substantial holder for KAI - http://www.asx.com.au/asxpdf/20160815/pdf/4399z5y55r8hn5.pdf and Ceasing to be a substantial holder for Orinoco and http://www.asx.com.au/asxpdf/20160815/pdf/4399z7x93411tw.pdf

    If so - market compliance has to report when the are no longer a majorshareholder - which is when they fall under 5%.  

    Normally the report will indicate the number of units sold and the differences, or in this case, the units havent changed, but the shares on issue at the companies - OGX, KAI have increased, such that TYX share is diluted below 5%.

    Now its a shame that OGX shares have over time dropped from >10% to <5% but do please remember that the amount of shares they hold is the same, and they paid 8c for them, at around $1m.  So they still have a $2m return, and hopefully over a bit more time, will still grow in value.  Of course I'd rather they still had a 10% share, but OGX has needed money to get to where it is, and I'd rather have 5% of a success, than 10% of a failure.
 
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