Hard to tell how serious this move is going to be. Clearly set up pre-auction like the last prop a few weeks ago, and either 100k parcels are being dropped on the market for an immediate small gain, or there is a large seller watching like a hawk and letting out 100k parcels.
Due to illiquidity I reckon most will be sitting on the sidelines until some real volume starts to come into it, instead of just props.
TGS Price at posting:
12.5¢ Sentiment: None Disclosure: Held