CGT castlemaine goldfields limited

ZZwithin the TAM announcement of August 2010 is the following...

  1. 269 Posts.
    ZZ

    within the TAM announcement of August 2010 is the following quote:

    "Following completion of the entitlements issue, Tanami will also undertake a 1-for-30 capital consolidation, which will leave the Company with approximately 260 million shares on issue. This will result in the Company’s capital structure being more attractive to major international institutional and other investors and is aimed at positioning the Company for long-term growth."

    how come you say there was a 1-for-10 consolidation of TAM shares?

    for CGT, regarding Chinese intervention and Chinese potential financing - firstly CGT does not need it and I believe there is no possibility that major CGT shareholders are going to sell to anyone in the near future, including the Chinese
 
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