The selling is no doubt coing from the TGK in-specie share distribution (75mill odd) as well as TKG's own holding, I reckon. They probably need the cash, because it makes no sense to sell at such low levels. This would be the evident explanation for Steve Tainton's "capital overhang" comment in a recent email chat we had.
Anyhow, someone is buying/accumulating the shares which the above are selling. Maybe if Downside is reading he can use his magic software and give us an update on the who is buying. Hard to make predictions as to when the selling will dry up, but when it does the resistance to climb back up again should be gone.
Management are very cool about the whole SP going down, I'm guessing they expected this to happen by TKG. There is no way that the Los Calatos project is not on the radar of the major copper producers. Bring on the Pre-feasability study!
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Last
1.0¢ |
Change
0.001(11.1%) |
Mkt cap ! $9.648M |
Open | High | Low | Value | Volume |
0.9¢ | 1.0¢ | 0.9¢ | $9.697K | 1.069M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 825210 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 2745747 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 825210 | 0.009 |
12 | 3751303 | 0.008 |
9 | 4878480 | 0.007 |
9 | 7260842 | 0.006 |
6 | 3642090 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 2745747 | 7 |
0.011 | 1858345 | 4 |
0.012 | 2776024 | 6 |
0.014 | 965428 | 3 |
0.015 | 342768 | 3 |
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