Any one else getting tired of waiting for this capital raise, worst kept secret on the ASX.
iT's such an exciting time for the company, such a pity to see excitement squashed whilst we await the inevitable.
My guess is 50m at 10c, with $1m to the SPP ($30k top up per holding) and $4m to sophs/instos, heavily scaled back due to excessive interest, notwithstanding the current market malaise. I also wouldn't be in the slightest bit surprised to see someone interesting pop up on the register in this placement. 50m sharss happens to be 15%, conveniently within ASX limits.
This drill program is so strategic. We have BPT's under-used pipeline a spit away, O.G Holdings with its finger in every other Ottway pie, the Koreans no doubt perturbed about Gladstone LNG and a hungry market close by.
im not sure TDO will be around much longer. How exciting is that, drill risk (82%?!) and take over risk. Knew I should've bought ConocoPhillips shares, all these risks, it's too much!
All of the above is guess work on my part, and I'm wrong way more often than I'm right.
Good luck to everyone. I always say that, but now it's time, not so much for good luck, too much work has gone into where we are, but an absence of bad luck will do!
TDO Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
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