Thanks Roy
The press releases clearly state that the CR is to buy existing MIS (52.7m) and for working capital.
68.7m shares at 1.55 indicates that they are trying to raise circa 50m for working capital, unless you are referring to some other high rate return opportunity that the rest of us don't know about.
Do you have a different calculation on what the Intended CR number is?
TFC Price at posting:
$1.69 Sentiment: Hold Disclosure: Held