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R3D Resources Limited ( (AU:TAT) ) has issued an update.
Tartana Minerals Limited has announced that 31,996,950 options, each exercisable at A$0.10 and expiring on 31 December 2025, have lapsed unexercised, resulting in the cessation of these securities. The expiry of this large tranche of options modestly simplifies the company’s capital structure by removing a block of potential dilution for existing shareholders, though it also indicates that market conditions or the company’s share price did not support conversion before the deadline.
The most recent analyst rating on (AU:TAT) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on R3D Resources Limited stock, see the AU:TAT Stock Forecast page.
More about R3D Resources Limited
Tartana Minerals Limited, listed on the ASX under the code TAT, operates in the minerals and mining sector, focusing on exploration and development activities within the resources industry.
Average Trading Volume: 108,218
Technical Sentiment Signal: Sell
Current Market Cap: A$10.6M
For a thorough assessment of TAT stock, go to TipRanks’ Stock Analysis page.