Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
If you've bought into Tertiary Minerals (TYM) over the last 9 months, you probably aren't delighted with the 5.75p price of today's placement. However, if you are a longer term shareholder, at least value has been preserved. The question now is whether or not the £420,000 (before expenses) will be enough to fund serious value building in this tough market?
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