I agree that it should be encouraging to see the new management taking a substantial stake in the company. I would definitely think that the share price regression is from the instos and retails who are gradually pulling away due to lack of newsflow. I am not too worried as everyone knew the mess this company was in before relisting and the management is qualified enough to solve this.
At the end of the day, they are cashed up, drilling and nearing reopenning, if whispers from my FIFO connections are correct. The 18-20c SP should be the heavy bottom as we see drill results and more development occur over the coming months.
TNC Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held
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