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20/11/18
16:45
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Originally posted by gosouth
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Yes this is an excellent outcome for TRT shareholders.
But a tad confusing...? It was a 1 for 2 rights issue, with only 10% of the stock taken up by shareholders - I presume that in addition to the 19.9% placed to S2 there are more shortfall shares still to be placed?
The Trading Halt ann said the announcement was in relation to the 'shortfall and a proposed subscription'. But the announcement does not once refer to the shortfall and its status.
And if I am correct, will the rest of the shortfall have to be placed at the same price of 9c?
For me, this sort of leaves a few questions.
But on the whole I am very happy with this outcome. Tempted to buy more, but the sell queue is very thin now. Hopefully the S2 entry will elevate the market interest in TRT.
Gosouth
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That was the S2R announcement. When the TRT announcement comes out the TH should be lifted - and the announcement may have more facts pertinent to TRT and some might be additional to what is in the S2R announcement.