What I think today's response to the announcement shows is that TEM management have some investment to make in the currency of trust. Currently sitting at well and truly less than 50% of the last Capital Raising price, even after the details of this deal has been released to market is just proof of that.
Trust is a difficult currency to get back when it's lost in any degree. I'd suggest that if TEM's SP was above 8.5 cents when this was first released a short time ago I'd think we'd be performing much better SP wise. So, it is what it is and TEM is currently priced the way it is.
I personally like this announcement and don't believe we are priced as we should be. If TEM can bring back some more trust currency to the equation then we'll get closer to a fair pricing. 3.9 cents Friday close is just a poor attempt at market humor.
All the very best to all holders.
TOWB
What I think today's response to the announcement shows is that...
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Mkt cap ! $4.672M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $790 | 87.8K |
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| No. | Vol. | Price($) |
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| 4 | 2725124 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 0.9¢ | 540179 | 2 |
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| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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| 0.9¢ | 0.9¢ | 0.8¢ | 32296 | ||
| Last updated 12.37pm 26/04/2024 ? | |||||
| TEM (ASX) Chart |