With the recent buying by instos at 21 cents, and likely not wanting the price to dip below or they'll look foolish, plus the company's need to keep the price at 24 cents (below $300M MC) until the AGM on 19 November, I'm:
Expecting low trading volumes between 21 cents and 24 cents - and lots of manipulation if either of those is threatened.
Certainly not expecting a great quarterly announcement this month.
Definitely not expecting any acquisition announcements before 19 November. I'm assuming those at Term Sheet will simply be put on hold till 19 November or very soon afterwards.
Absolutely not counting on any future guidance before 19 November.
Going to be gob-smacked if anything at all happens to get the market excited enough to push the price up.
So I'm going on pause. And conserving my energy for the 19 November AGM where I am expecting a LOT.
I retain my faith in the Board and management, but the AGM had better be a watershed moment in TNT's history!
IMHO DYOR
TNT Price at posting:
22.8¢ Sentiment: Buy Disclosure: Held
