Of course the sale price went back down to 1.8c in March no one likes a capital raising and especially in this dog market. The markets moved on now – we’re back to 2.6c. This price movement is not uncommon in this market. And what small cap co looks after it’s shareholders? You should be aware of this before taking a punt on these specs. Unfair it might be but I still think they called this raising at the right time.
Sure I’ve also been a little frustrated at times, however I’m quite comfortable to sit back and wait for this stock to rocket on successful fraccing in the near future. IMHO. I’ve learned quickly not to watch this stock on a daily basis – like watching grass grow.
I’d rather sit on TSV over the short/medium term than BHP or RIO, especially given the negative forecasts for IO prices over the next 2 years.
TSV Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
