I've been watching TNG for a long time, and have a fair bit of my portfolio now tied up in it. Here's my take:
- It's all in control; taking slightly longer than anticipated but that's TNG.
- The 'Chinese sell down' was directly related to the negotiations that are taking place over finance. This is just a guess, but I reckon the sell-down was done to f--k the SP/take profits in the short-term to try and get leverage; PB is playing a long game, called their bluff and now the seller is hanging on to their remaining shares because they know the upside is coming. I could very well be wrong on this, and probably am.
- Finance will be announced prior to Christmas, but will probably be December.
- PB doesn't deal in lots of micro-announcements. He's close to getting the deal done and is confident (as am I) that the SP will hit a new high when the announcement is made and the mechanics of a re-rate mean that the current SP is mostly irrelevant.
- PB runs a tight ship and it doesn't leak.
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5.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $96.48M |
Open | High | Low | Value | Volume |
5.5¢ | 5.6¢ | 5.4¢ | $26.84K | 488.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 40557 | 5.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.6¢ | 162954 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 40557 | 0.055 |
4 | 150071 | 0.054 |
3 | 303700 | 0.053 |
3 | 318990 | 0.052 |
2 | 700000 | 0.051 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 162954 | 3 |
0.057 | 7600 | 1 |
0.058 | 77000 | 1 |
0.059 | 45500 | 1 |
0.060 | 116666 | 2 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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