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Gina could buy it with her lunch money

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swifttax

452 Posts.

56

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 13.0¢		Change 0.000(0.00%)		Mkt cap ! $9.243M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	21867	13.5¢

Sellers (Offers)

Price($)	Vol.	No.
14.5¢	38107	1

View Market Depth

No.	Vol.	Price($)
1	21867	0.135
2	54194	0.130
3	58332	0.120
2	53985	0.115
2	54454	0.110

Price($)	Vol.	No.
0.145	38107	1
0.150	40000	1
0.155	8500	2
0.160	70859	2
0.180	15000	2

Last trade - 10.14am 13/09/2024 (20 minute delay)

TG6 (ASX) Chart

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