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3.1¢ trek metals limited

It's a long way from needing a consolidation with only ~440m...

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Hingdog

23,501 Posts.

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16/03/19

18:36

Post #: 37785841
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Originally posted by Donniemac ↑

They're going to need the price to go up before raising again or it will come with a consolidation.

The biggest problem we have is Zinc plays are a dime a dozen. Yes ours may have the potential to be tier one but there are plenty out there with great resources in much "safer" jurisdictions. Aussie investors simply aren't interested in a hail Mary play in these times.

This article from Jan lists every asx stock with a zinc play. It might take you some time to get through it. https://*********.com.au/zinc-stocks-asx-ultimate-guide/

IMHO if Trek in going to make Kroussou work, they should be (if they are not already,) targeting strategic Chinese investment. The Chinese are already working heavily in **on and are the ones most likely to be interested in a resource like Kroussou; massive, near surface but remote.

All opinions.

Cheers,

DMac

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It's a long way from needing a consolidation with only ~440m shares on issue. There's 27.5m 3c options expiring in June this year plus another 45m 2.3c options expiring in 2021. Having said that, the dilution will be significant when they do raise, unless of course they can somehow pump the price beforehand

TKM Price at posting: 0.6¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 3.1¢		Change 0.000(0.00%)		Mkt cap ! $15.91M

Open	High	Low	Value	Volume
3.1¢	3.1¢	3.1¢	$5.027K	162.1K

Buyers (Bids)

No.	Vol.	Price($)
2	133254	3.1¢

Sellers (Offers)

Price($)	Vol.	No.
3.2¢	100000	1

View Market Depth

No.	Vol.	Price($)
2	133254	0.031
2	20000	0.030
3	89448	0.029
2	93395	0.028
1	100000	0.027

Price($)	Vol.	No.
0.032	100000	1
0.033	63891	3
0.034	66168	2
0.035	126000	2
0.038	69386	1

Last trade - 14.42pm 27/09/2024 (20 minute delay)

TKM (ASX) Chart