Interesting development. I guess we know who the group on investors were hanging around Cloncurry last week - very different story than our resident local doomsday merchants were suggesting.
This money will easily bridge TNC into production at CCP and kick the drawdown of the Tranche 2 Nebari facility down the road a bit. That is good news on a few fronts - particularly in that it will put a bit of uncertainty around the timing of the Warrant pricing event for Nebari. Like SB77 mentioned earlier in the week the SP was prone to being manipulated to their benefit - price fixing events are notorious for that type of thing especially where the market liquidity is light compared to the size of asset that's being priced.
You'd have to think a group that's willing to pay up to 12 cents for a placement (for a stake that's in escrow for 12 months) is likely to buy on market as well for cheaper shares (anything below 12.5 cents) that aren't in escrow. Likely to cross the 5% significant holder threshold too, so we're likely to see ASX reporting on their holding activity going forwards.
TNC entering a really interesting phase now. Potential rocket.
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Last
3.7¢ |
Change
0.001(1.37%) |
Mkt cap ! $32.39M |
Open | High | Low | Value | Volume |
3.7¢ | 3.8¢ | 3.6¢ | $9.993K | 269.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 175006 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 98746 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 175006 | 0.036 |
2 | 200000 | 0.035 |
3 | 111811 | 0.034 |
2 | 130300 | 0.033 |
1 | 35000 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 98746 | 1 |
0.038 | 239000 | 2 |
0.039 | 256927 | 2 |
0.040 | 739117 | 4 |
0.041 | 38000 | 1 |
Last trade - 11.18am 02/09/2024 (20 minute delay) ? |
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