When the share was 5c a few weeks back, the company could basically enter voluntary administration, sell off its assets and still manage to pay out shareholders 5c per share. As there were sufficient assets to pay off the loan and the market cap of the firm. As a result you have a natural floor which would theoretically keep a share price above a certain price level. That's why im quite confident in TGS.
I respect traders, i worked for a prop firm, the reason i left was because there was too much hassle, your entire wage was based on performance. If you do however have the persistence, nerve and confidence to be a trader, hats off.
Also, Big Mahn, what are your thoughts? You've been quite active on TGS forums, im curious to see what you think.
TGS Price at posting:
7.3¢ Sentiment: Buy Disclosure: Held