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5.56%

19.0¢ tg metals limited

Ann: Exploration Update - Lake Johnston Lithium Project, page-52

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swifttax

450 Posts.

54

18/06/24

10:35

Post #: 74365401
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Originally posted by WhatsTheTip: ↑

Good question. A 40% share price increase is needed in under two weeks to take TG6 over 30c.

Given the possible discount incurred in selling a 3.2m block of shares the trigger exercise price is probably more than 30c (brokers aren't long-term holders). However, if all 3.2m options are exercised it becomes a 4.3% stake. It's possible that the broker has done a deal with someone interested a significant sub-5% stake. The combination of the price agreed and their broker commissions means exercising the option is worth while, even if the share price isn't at 30c. If a larger fish wanted a 4.3% stake in TG6, buying that on-market could easily take the share price up to ~30c (or more).

There are possible price triggers over the remaining period to the end of June but assay's back from drilling appears highly unlikely. The combination of the upcoming conference presentation and seismic results could shift the share price that much if either or both contain good information.

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Gina could buy it with her lunch money

TG6 Price at posting: 21.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 19.0¢		Change 0.010(5.56%)		Mkt cap ! $13.51M

Open	High	Low	Value	Volume
19.0¢	19.0¢	19.0¢	$2.003K	10.54K

Buyers (Bids)

No.	Vol.	Price($)
2	19133	18.5¢

Sellers (Offers)

Price($)	Vol.	No.
19.0¢	2599	1

View Market Depth

No.	Vol.	Price($)
2	19133	0.185
2	78864	0.180
3	127388	0.175
3	95823	0.170
1	100000	0.160

Price($)	Vol.	No.
0.190	2599	1
0.195	7308	2
0.200	50000	1
0.210	17971	2
0.215	29000	1

Last trade - 10.40am 12/07/2024 (20 minute delay)

TG6 (ASX) Chart