TPT tangiers petroleum limited

rights issue ??

  1. 1,919 Posts.
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    I hope they do a rights issue now; one for one or similar at the same price that they completed the recent raisings...
    so that existing punters can get in at similar price to what they did the recent raising at...

    tpt now needs an additional few million dollars for 2015; so one for one rights issue underwritten or so would mean about 450mill shares at 0.6cents giving about 2.7mill AUD...

    it would mean that all existing punters could effectively double down their existing entry prices potentially by half... seeing that most bought at above 10cents and averaging those higher levels with something like 0.6cents or similar would mean that their new average prices would effectively come down by half...

    then tpt getting another one or two projects on board; could really give the sp a decent kick up over a year or two
 
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