Hi S1,
Enjoy your posts and agree with most points that you made.
The one that I don't agree with is that today's trading was normal in any way
The 50k trades were made in a confined timeframe and given the oil price increase over the past few days (and the sp improvement of our peers), I would have expected a stronger finish.
Why are we languishing at 37.5c when the oil price has well and truly bounced of the bottoms and when Chatchai was willing to pay 39c.
The only conclusion that I can come to is that insiders are using any strength in the sp to get out - on the basis that they will be able to get in cheaper. On the basis of all known knowledge, this company is worth more than $100 mill market cap.
Troy has some 2.3 mill shares and the potential for his incentive shares. Hard to believe that he would be in favour of increasing no. of shares but it just doesn't add up for this long term holder.
Conspiracy theorist ? Yep, I'm afraid so.
- Forums
- ASX - By Stock
- TAP
- Tap Share Price
Tap Share Price, page-42
-
- There are more pages in this discussion • 60 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TAP (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online