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13.3%

17.0¢ tg metals limited

I agree with you mate - the panic is totally irrational down...

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aliscrazy

4,060 Posts.

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01/08/24

16:30

Post #: 75030642
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Originally posted by testermountain: ↑

Panic of what though? I can read the macro economic situation, Li is seemingly worth nothing according to the market, but the SP is now only a few cents above cash holdings. Even if the the next assays at jaegar are all dusters, what happens? SP below 10c ie below cash holdings?

I mean, it just seems a bit irrational. And yes, the market is irrational etc etc. But how does this make sense? I know its a long way before an economic feasability study is done on burmeister, but its still got to be worth more than the low millions value the market is currently placing it? Surely a mining company (if the resource is soundly proven to be 15Mt+) in the region would snap it up for seeming pennies on the dollar price it carries as a hedge if Li prices rebound at all?

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I agree with you mate - the panic is totally irrational down here and I'm a little surprised but was just reporting what I was seeing on the sell side! People panic most seeing an empty buy side lol

TG6 Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 17.0¢		Change 0.020(13.3%)		Mkt cap ! $12.08M

Open	High	Low	Value	Volume
15.0¢	17.5¢	15.0¢	$36.31K	219.2K

Buyers (Bids)

No.	Vol.	Price($)
1	12903	15.5¢

Sellers (Offers)

Price($)	Vol.	No.
18.0¢	16962	3

View Market Depth

No.	Vol.	Price($)
1	12903	0.155
1	424	0.150
1	13793	0.145
1	3750	0.140
2	14795	0.135

Price($)	Vol.	No.
0.180	16962	3
0.185	25000	1
0.190	41096	2
0.200	17905	1
0.225	2500	1

Last trade - 16.10pm 10/10/2024 (20 minute delay)

TG6 (ASX) Chart

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