From my calculations Tribeca probably still have roughly 19-20m of shares to offload. Working back from their ceasing to be substantial holder letter last week, when they've sold they're making up a significant portion of the daily trade volume. Last week to Thursday they sold 7.6m minimum, no doubt they made up a big portion of Friday & yesterdays volume.
Bit of patience on this will pay off big time, I picked up a parcel this morning at 7c and if it drops another couple of cents I'll consider another parcel. I wonder if they'll release Feb's production numbers as that really is the tell, keeping that volume up at Thalanga is all they need to do.
RVR Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held