CAPITAL MARKETS

No hedging bets at Coyote

BANKS have missed the boat on financing Tanami Gold’s Coyote development in the Tanami Desert after the company evidently decided debt and hedging weren’t in the best interests of shareholders.

Michael Quinn
No hedging bets at Coyote

Tanami plans to raise $A20 million in a two-tranche placement of 108 million shares priced at 18.5c per share to undisclosed Australian and international investors of Hartleys. Around $9 million of the...

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