TNR 8.70% 5.0¢ torian resources limited

some interest on the bottem floor, page-6

  1. 2,560 Posts.
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    Paul,
    The way .2c has been eaten up over the last few days could indicate something is in the wind possibly some type of financing agreement.Around 100m shares taken out at the higher pip since previous arrangements were terminated.At this rate they (.02c sells) should be GONE in a few days.
    For all to be happy,management,shareholders and investors the share price needs to be lifted before any capital is raised.After all what would be the sense in terminating one arrangement to replace it with one equally diluting...... Unless the financier is happy to hold allocated shares(if that is the arrangement) for more than a few days.
    The current pattern of buying will make a real difference particularly if it continues beyond current rates.Is it due to "punters" seeing a bargain or something more only time will tell.
 
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