Actually I don’t think it’s a question of market integrity at all. The information about the questionable resource model was well understood - it’s been discussed on these threads at length for many months. In fact it was the discussions here over the past several months by many knowledgeable posters (some holding the stock, others not) that kept me on the sidelines.
As was flagged on a recent podcast, a number of the brokers covering TIE initiated their coverage with a ‘sell’ rating (fairly rare) because of the patchy resource model and rather lumpy geology, and no doubt due to the usual ramp up risk etc.
So if you’re long another number of goldies (as most insto books would be) and you’re looking for a gold stock to short to hedge your long position(s), something like TIE is probably seen as an easy pick. It’s why I always take note of short positions; the smart money has usually done the work and figured these sorts of things out.
TIE Price at posting:
37.0¢ Sentiment: None Disclosure: Not Held
