Ann: TMT Strengthens Cornerstone Support - $11.5M Placement, page-72

Volume maundering along today despite those keen applicants for 28c level last week.
But Wednesday the big day for - was it around 41 million? - new shares to arrive on the register.

What’s the bet for price direction after that?

I’d like to think *UP* …

I also think that, logically,  ‘strong hands’ may try to  hold TMT down for a bit to see how many new shares (if any) get shaken loose (and to buy them as cheap as they can),  and then we’ll see EPA approvals, NAIF grant and a formalisation of the MOU with TATA  taking us forward into FY’24.

Does anyone with more experience of how these kinds of raises  traditionally play out have alternative views?


cheers