My read on the negative market reaction to the good news gravity survey announcement is that the market wants TMG to economise cash until the near term producer peers sort themselves out and restore bankability to the sector.
Hence money being spent on exploration gets a negative reaction. I’m guessing that there are expenditure commitments on the tenement that have to be met anyway and a gravity survey is a cheap way to do that.
- Forums
- ASX - By Stock
- TMG
- Ann: Gravity Surveys Reveal Significant Growth Potential
Ann: Gravity Surveys Reveal Significant Growth Potential, page-3
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $4.212M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.9¢ | $818 | 90.90K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 2325710 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 333309 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 2325710 | 0.009 |
16 | 7141000 | 0.008 |
10 | 1976110 | 0.007 |
2 | 8083482 | 0.006 |
3 | 450000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 333309 | 2 |
0.012 | 2833689 | 7 |
0.013 | 90000 | 1 |
0.014 | 400000 | 1 |
0.015 | 1014171 | 2 |
Last trade - 11.36am 26/07/2024 (20 minute delay) ? |
Featured News
TMG (ASX) Chart |