Ann: Successful Close of Rights Issue , page-2

TAM appears to be following the usual pattern that occurs after a large and discounted cap raising. The sp has already dropped back to .215. The expectation is that there will be more sellers around .205 -.21 as some cash in there extra shares at a small profit. In spite of the good announcement re Kavanagh, it's likely the sp will go down further before it goes up again as some may decide to dispose of extra shares for one reason or another such as overcommitmenet or demands for cash elsewhere. Below .2 buying opportunity may be coming up within a few weeks when this occurs! (just opinion).