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@bzgladman Partially explainable by the price set for the SPP...

  1. Silence229
    354 Posts.
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    24/09/18
    12:08
    Post #: 35797274
    @bzgladman

    Partially explainable by the price set for the SPP and also the impacts of dilution

    SPP: People can sell at today's price and then take part in the SPP at $0.104 to rebuy more shares for the same total cost. Invariably prices will retreat towards the price of a capital raising. Rational but risky as there is an upper limit of $5m to be raised in the SPP

    Also the cornerstone investment will cause a dilution of the capital structure through the issue of 95m shares - meaning that at current Market Cap the price per share will be lower.
    Last edited by Silence229: 24/09/18
    TNG Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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