TZL 12.0% 2.8¢ tz limited

today, page-63

  1. 885 Posts.
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    Yes, the 31st.

    However in my experience there is often a 'book trap' as chessplayers call it, whereby the options actually cease trading some days before the expiry date to give new acquirers time to exercise by the expiry date.

    Don't know if that is the case here, but if you're still a holder this might become very relevant and you should find out the day they actually stop trading.

    On October 5th with the price at 9.5c I made a post which contained the following; "TZL movers and shakers will move heaven and earth to get the share price over 14c... fast!" This is what is currently happening.

    I'm not saying there couldn't be some great announcement in the works... it would make sense for them to have some serious ammunition left for that last big shove, but don't assume that is the case just because the price is going up.

    Company directors, and especially high profile players like Bouris, have plenty of favours they can call in, and if one rich mate asks another rich mate to buy $100k worth of stock and also says there is a good chance of a trading profit, it tends to happen. Multiply that a few times in a thinly traded stock and you get fast price appreciation, happy mates, options converted, remuneration for directors assured... everyone (temporarily)is happy.

    As a decent sized shareholder I just hope that they are saving up a genuine good announcement that increase TZs prospects of long tern viability. If I sold all my shares into a pump it would put the brakes on the run, so I need Bouris and co to eventually make this company a genuine success. It's not at all beyond the realm of possibility for this to still happen, despite the tortuous journey we are suffering.

    Sentiment, buy to at least mid teens. DYOR.
 
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Last
2.8¢
Change
0.003(12.0%)
Mkt cap ! $7.184M
Open High Low Value Volume
2.7¢ 2.8¢ 2.7¢ $72.55K 2.662M

Buyers (Bids)

No. Vol. Price($)
1 261259 2.5¢
 

Sellers (Offers)

Price($) Vol. No.
2.7¢ 200000 1
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Last trade - 12.13pm 12/07/2024 (20 minute delay) ?
TZL (ASX) Chart
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