Unfortunately, the announcement does not tell us anything new, other than TZL's value has reduced since the last substantial cap raising which was at 35c. So all the hype and promise of supply contracts has seen a decrease, not an increase, in shareholder value.
No confirmed deals - just "anticipated" supply contracts - I can't remember a time when the company didn't have "anticipated" this-and-that.
No commitment that the money will actually be spent on funding supply contracts or inventory - "positions the Company well to build the enabling conditions". What a load of waffle!
Continuing to exist is an enabling condition.
Just the usual spin, allowing an optimist or ramper to read into it what they'd like to see.
Goldie - where is your anticipated confirmed supply contract?
not so bitter pill after all, page-15
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