Hi Sharker18,
TIG has had a stable history of share price movements since I first started buying and selling each year about 5/6 years ago. In fact TIG has been my most consistent money maker for each of those years. I relish returning each year from March onwards.
Last year I bought in in March/April/May for average 0.8c. On 8 September I posted I expected TIG to spike to 3c in/by Oct 2021. But I missed the spike to 3.2c because I had sold out for between 2.6c-2.9c.
The year before I missed the spike to 4.4c but caught it on the downside and sold at 2.4c. My philosophy is 'be happy to make something'.
The reason (re: your Q) is TIG only ships and sells for 5.5 months of the year; for the remaining 6.5 months they can only produce but that is not the same as shipping/selling hence the share price slowly falls from late November through to May/June (barring any significant announcement) when shipping recommences and then we get a quarterly update in July. It's pretty basic to think that when a company is not shipping/selling then the share price might possibly flounder.
The CHPP will have some influence on price going forward but, surprise to me, it is not yet actually completed ?
There were a lot of new-comers into TIG last year who probably at the time did not understand the dynamics of the company they were buying into.
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.26M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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12 | 17740135 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.4¢ | 2275398 | 2 |
View Market Depth
No. | Vol. | Price($) |
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12 | 17740135 | 0.003 |
2 | 8333666 | 0.002 |
4 | 3000000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.004 | 2275398 | 2 |
0.005 | 2107046 | 4 |
0.006 | 744979 | 3 |
0.007 | 360000 | 2 |
0.008 | 250888 | 1 |
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