Love your work psi81, however I wouldn't be blaming "TH's band of 8c hopefuls" necessarily, most still sit in the Top 20 relatively unchanged. It's the hordes of other disillusioned shareholders with <4M shares that are dumping.
What is a change however is the Form 603 just released detailing how Maitri Pty Ltd have just edged over 5% in holdings, dropping a lazy $2.2M over the past 16 months to acquire 37.7M shares at an average of 5.8 cents, generally on market it seems (typically acquiring 1-3M per month).
Sadly this illustrates that spending $2M won't get you 10%, and it may likely not even move the SP much (although if communicated the right way very well might).
Now an annual 1.8cps dividend announced over two tranches in FY26, with the potential to do more in the coming years, would definitely move the SP into double digits. And maybe that is what is required to get us in a position that we aren't scooped up by someone for ~8 cents, after targeting disillusioned shareholders, including TH and the new Maitri...
Add to My Watchlist
What is My Watchlist?
