The recent isue of 40million shares in Territory is simply the last tranche of shares for a further capital raising and the final instalment by Crawley Resources to become a 30% holder of Territory resources with Michael Keirnan at the helm.Crawley obviously sees the value of this company and its association with Noble. Nobel is a world leader in managing the global supply chain of commodities like iron ore. TFE is on its way to big things and Kiernan plans to make it a 2.5 billion resources company. So the issue of these additional shares is expected and welcomed by the majority of shareholders.Todays movement is a great opportunity to buy into TFE and may be the last chance at this price!!
TFE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held