Any sign of bad news and this is going to go lower again IMO. I sold out at 28c/28.5c, and booked a tiny profit (as I first started buying at 38c and got cut up by the falling knife). 30c currently without business update and clear business direction forward is not sustainable, as it would equate to 60c pre-raise. Even current price of 23c (46c pre-raise) seems a tad too much.
So I will start buying again at around 12c to 15c range (24c - 30c pre-raise), as at those prices the downside should be negligent.
TGA Price at posting:
23.0¢ Sentiment: None Disclosure: Not Held