Interesting development. I guess we know who the group on investors were hanging around Cloncurry last week - very different story than our resident local doomsday merchants were suggesting.
This money will easily bridge TNC into production at CCP and kick the drawdown of the Tranche 2 Nebari facility down the road a bit. That is good news on a few fronts - particularly in that it will put a bit of uncertainty around the timing of the Warrant pricing event for Nebari. Like SB77 mentioned earlier in the week the SP was prone to being manipulated to their benefit - price fixing events are notorious for that type of thing especially where the market liquidity is light compared to the size of asset that's being priced.
You'd have to think a group that's willing to pay up to 12 cents for a placement (for a stake that's in escrow for 12 months) is likely to buy on market as well for cheaper shares (anything below 12.5 cents) that aren't in escrow. Likely to cross the 5% significant holder threshold too, so we're likely to see ASX reporting on their holding activity going forwards.
TNC entering a really interesting phase now. Potential rocket.
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Interesting development. I guess we know who the group on...
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Last
5.0¢ |
Change
-0.002(3.85%) |
Mkt cap ! $43.77M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 5.0¢ | $53.31K | 1.066M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 51069 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.2¢ | 15491 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 51069 | 0.050 |
1 | 600000 | 0.049 |
5 | 649593 | 0.048 |
2 | 394996 | 0.047 |
4 | 113422 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.052 | 15491 | 1 |
0.053 | 61971 | 1 |
0.054 | 100000 | 1 |
0.055 | 398092 | 3 |
0.056 | 272654 | 6 |
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