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$1.17 thorn group limited

A little pop into the 1.8+ zone..., page-9

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crazypunter

5,760 Posts.

111

29/01/16

19:16

Post #: 16899732
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Originally posted by Pioupiou ↑

After a good run yesterday, TGA had a good run again today. Of the 518,871 shares sold, 9.57% were sold in the last minute up to 4:00pm, and 7.18% after that. I do not know if that suggests there is more to come on Monday. I am stuffed if I know what has changed since the SP was below $1.80 not many days ago.

I am fairly certain that if you gathered together as many brokers' valuations as you can find that are no older than three months, their average valuation would be roughly $2.50, so the SP has the legs to run a long way yet if there is any substance to the valuations. Brokers' target price would have averaged a little lower, about $2.40 I would suggest. These estimates and targets all include a regulatory-fear factor, so if that factor transpires to be less than anticipated, then these values should increase as brokers revise their reports. Has anybody whose opinion carries weight commented on TGA in recent days, or in the current month even?

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it sounds all a bit suspect.
if there is foul play behind the scenes here, then that is not a good look for TGA management.

cheers crazypunter

TGA Price at posting: $2.00 Sentiment: None Disclosure: Not Held
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0 Great analysis

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