G.T.T is run by three guys Glovac, Thomas, Tassone (hence the name) and it doesn't surprise me on their sales, this is simply their strategy and what makes them profitable. They've done this on so many stocks and its been a profit for both them and those holding past them.
Tassone sold 10Million shares at 2.5c as a shell....look at where our price is now.
Glovac sold a few mill a day before our biggest run on this companies history.
Thomas sold 500k shares while we were a shell aswell...once again look at the price now.
Its not a mega fund thats blowing off shares for all their clients. The company and price moved on even when Tassone was selling 10mill.
History says stocks tend to bag a few times after they begin exiting. Most recently all three of them were in AVZ, they took a nice early exit for a win, and those that bought there shares.....well, they're doing very good.
Even here its made 2bags from there initial exit...perhaps more bags from here if history repeats itself.
There are much stickier hands on this than just GTT. The good news is Tassone sold right below support so someone was happy to eat up all his shares and hold the price up, much rather that than have them behind the dump from 7c onto retailers unable to support the price.
Everything still looks on track, Brewer still in DRC working his goods on the ground. Should do good from here.
As mentioned above all that matters is whats on the ground and the lab samples of the pegmatite confirming lithium. Keep in mind our neighbours 2km away said they found chunks of spodumene. As for the neighbours down the street:
Currently asset trading 4.1% of AVZ Pre D.D
Asset trading at 5.7% of AVZ Post D.D
Divergence still massive....even bigger than when the acquisition first happened.
Good newsflow here and on AVZ coming up in 3-5weeks. Could get very interesting if things go the right way.
Cheers
4CE Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held
