Most holders and commentators on this forum are highly convicted and statements are more observational (even humorous) rather than changing their conviction.
SP of 9 cents provides absolutely zero indication that there is a time blow out for FEED, that SMS are telling porkies on timeline or that 2021 won’t deliver on what has been a pretty consistent message for the last 6 or so months.
Since 37m securities were issued on 29 Jan for the shortfall, about 20 million have traded. That doesn’t in any way indicate that Sanlam have inside information and as a result are dumping their stock due to hypothetical statements prior (that would be highly illegal @ando1) but simply that they were running the shortfall book for the 5% fee only, not placing long term and sticky money in TNG.
As a statement of my position, I do not rate Sanlam or the bloke that ran the book.
As an observation, the SP action feels a bit contrived given:
I guess there are logical answers to both those points. Ie) tax purposes for the selling at a loss.
- TNG waited the full 3 months post entitlement close to place the shares into what they likely knew as ‘shifty’ hands; and
- That Sanlam clients would now be selling at a loss on heads.
Rounding out Ando - I'd suggest your remarks about the integrity Herbert Weissenbaeck, a key representative for the group that is a fellow shareholder, independent consultant to TNG and soon to be EPC contractor, are well out of line. Grow up and show some tact.
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4.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $81.11M |
Open | High | Low | Value | Volume |
4.6¢ | 4.6¢ | 4.5¢ | $49.49K | 1.077M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 1037242 | 4.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.8¢ | 60870 | 2 |
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No. | Vol. | Price($) |
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11 | 1026198 | 0.045 |
1 | 227295 | 0.044 |
1 | 13000 | 0.043 |
1 | 1000000 | 0.042 |
2 | 90000 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.048 | 60870 | 2 |
0.049 | 100000 | 1 |
0.050 | 6357261 | 5 |
0.053 | 147612 | 1 |
0.055 | 300000 | 1 |
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