RE:RE:RE:RE:Smart move by TLT management...Frankly, I see the "first tranche" statement in that news release being as simple, clear and concise as it could possibly get. Will there be a second tranche? What if they honestly don't know? Can they do a second tranche? Yes, anytime they want to (for quite a while out, actually) up to the remainder of 10 milliion, with absolutely no requirement to request further permission from the TSX, aside from reporting it (and then announcing it to the public) when it closes. Can they choose not to do a second tranche? Yes. What do you think would happen if they said in the news release that they were going to do a second tranch... but then never did one? Do they have to say whether they are or aren't doing a second tranche? No. And pretty darn smart of them not to. And for those of you that don't know (although you sure should, if you had enough incentive to educate yourself a little more), there is no changing the terms on a second tranche of a placement. If the terms of the pp change, then a new approval from the TSX is required, and it would not be a "second" tranche of this last placement.
But, what do I know...