The share price was approx $0.195 when that placement (at a premium LOL) was announced. I wonder if they can change the price given strong appetite for Potash stocks/Thermal Coal stocks and the fact that RAD has doubled in price. Also FMJ was able to undertake a placement at a premium.
Who is the broker organising the placement? Imagine trying to purchase 10 million shares on market.
20 cents does appear to be a fantastic deal for the buyers, especially given that EV would be minus $5 million at that level. That is assuming this coal deal is progressing.
TRH Price at posting:
34.0¢ Sentiment: None Disclosure: Held