TOE 0.00% 35.0¢ toro energy limited

spp shares, page-19

  1. 27,119 Posts.
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    wouldnt worry,

    most stocks get sold down to the rights price,

    the first wave of selling is from say 20c to 16.5c, when there is something tangible to trade the difference with.

    After that, you have the ignorant, emotionally drivn holders, not understanding the why fors, and they seek to exit before it tanks below their rights price, get their money out to saftey mentality. Its just a little bit of panic, and thats why we hit the rights price,

    The simple question is what fundemetnals put toe above the rights price before it was announced?? Nothings changes, except now they have a wad of cash to progress their feasabilitis, and a support level of 15c.

    This is a U stock, that had march low trends at 10c, and 18-20c the norm a month ago,

    so it i dont see a lot of down side here, but considering that since its highs of 70c in the euphoric days, we have now had a U ban lifted in WA, and are a lot closer to development.

    dont sweat it.

    When U sector heats up, TOE will be on the list of AU plays that will ride that wave.
 
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Last
35.0¢
Change
0.000(0.00%)
Mkt cap ! $42.09M
Open High Low Value Volume
35.5¢ 35.5¢ 33.5¢ $43.81K 127.2K

Buyers (Bids)

No. Vol. Price($)
2 26880 33.0¢
 

Sellers (Offers)

Price($) Vol. No.
35.0¢ 18529 2
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
TOE (ASX) Chart
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