TZL 12.0% 2.8¢ tz limited

today, page-68

  1. 885 Posts.
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    Yes, it will be interesting. They need to get it solidly above 14c and keep it there for (I think) a week, or whatever the non-trading period I alluded to for the options is before expiry. 14.5c won't cut the mustard and they will know that, so I hope we might see high teens soon.

    One thing to consider is that the very process of doing this is still very good for the stock even though it is a pump, as it draws attention, gains publicity (= possible new shareholders or new clients) and hopefully gets the company some much needed option cash, thereby alleviating market fears of an imminent low priced capital raising. All good things.

    Re the mutual back scratching, I don't think there is any law against buying into a mate's company as long as you are not being given inside information. Compared to much more tangible malfeasance that goes on in the market (algorithmic trading/bots) every day, it hardly rates as manipulation. Would the words 'The push is on, mate' be considered insider trading in this ASX environment? I doubt it very much in this cowboy bourse, with virtually no oversight.

    Re drones delivering parcels from the sky, this is not a serious threat to TZL. Imagine how many drones would need to be buzzing around over our heads to deliver all the parcels that are being delivered today and in the future. And the teething problems will be massive. Every time a drone falls out of the sky onto someone's head the 'save our skies' protesters will have a field day, the share price of 'Droning On Pty Ltd' will crash and threaten the whole project, etc. Maybe in 20 years time, but as of today a far bigger threat is from existing major players like Australia Post.

    All just opinions. Cheers.

 
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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) ?
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