TLG 3.15% 53.8¢ talga group ltd

Share discount offer to raise money, page-45

  1. 153 Posts.
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    I'll put my hand up and say I've taken the risk of selling $30k worth today at $1.65....
    with the view of buying back at $1.45..... it won't drop below $1.45....

    yes it's a risk it will be oversubscribed..... but so was their last one and they took the cash.... plenty more financing required so why not grab what's on offer now....

    I reckon they tried to spook people from doing the above by saying they would consider trading activity when working out ---: back.... risk worth taking based on my experience of previous raising...

    at $1.54 there's not enough margin to be gained over $30k worth of shares to bother. so I doubt it will go any lower than where it is now.
 
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