TAS are down to approx $1.2m cash. They have leant $1m to EDE. So around $200k in the bank. Current sp is 10% below the RI price.
With the above in mind, how much of the $2.5m are TAS likely to raise? TAS are only PRESENTLY INTENDING to take up their rights in the EDE RI.
Is it possible that if the TAS RI is poorly subscribed, TAS won’t take up their EDE entitlement and demand the $1m loan be repaid in cash?
EDE’s RI is looking challlenged also, imho.
Its becoming very messy, IMHO. I suppose that’s the web that gets woven in a threesome (incl CNJ)
Thoughts?
Ann: Dispatch of Offer Documents, page-9
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0.5¢ |
Change
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Mkt cap ! $4.026M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $1.051K | 262.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 221958 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 4785706 | 4 |
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| Last trade - 15.55pm 15/11/2024 (20 minute delay) ? |
| TAS (ASX) Chart |
