A touch disappointing. A guess its a victim of current market sentiment.
Still at leas they've done it all quickly, have funds to progress.
Important part is that TRF will take up their full IFE funds, and its IFE that needs to get the money in for the project to progress.
Yup guessing is just a guess, but also a bit of fun.
Buys some time for a few positive announcements to be released and the stock to be offloaded - and even perhaps enough time to await the Election results.....
60% shortfall is certainly more than I would have like to have seen.
Wonder what impact that will have on IFE takeup and sentinment. At least for that we know that its 50% taken up just from TRF. And probably an extra 0.001 % from me :-)
TRF Price at posting:
49.0¢ Sentiment: LT Buy Disclosure: Held