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1.41% 7.0¢ todd river resources limited

News: TRT S2 Resources To Acquire Stake In Todd River Resources, page-13

  1. bobadah
    6,275 Posts.
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    22/11/18
    12:16
    Post #: 36601131
    "... the share base has blown out big time. "
    Not as big as it the amount had been raised at 8c through the rights issue. In fact it is better for the long term holders of TRT who took up their rights to have an outsider come in at a premium than for other owners to buy more shares at 8c. The dilution is 13% less for the same amount raised.
    TRT Price at posting: 9.3¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch. 3  Great analysis
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