Yeah spot on. I reckon this mob will mop up the weak hands for a...

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SentryBox77

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29/03/24

13:11

Post #: 73117559
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Originally posted by HermanMelville: ↑

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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Yeah spot on. I reckon this mob will mop up the weak hands for a while. Once this placement goes through they will automatically be a significant holder (over 5%), so there is a high likelihood they will get into the market below 12 cents.

TNC Price at posting: 9.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.2¢		Change -0.001(3.03%)		Mkt cap ! $28.89M

Open	High	Low	Value	Volume
3.4¢	3.4¢	3.2¢	$22.97K	713.5K

Buyers (Bids)

No.	Vol.	Price($)
3	23113	3.2¢

Sellers (Offers)

Price($)	Vol.	No.
3.3¢	4580	1

View Market Depth

No.	Vol.	Price($)
3	23113	0.032
4	313416	0.031
13	1741710	0.030
3	349490	0.029
1	518088	0.028

Price($)	Vol.	No.
0.033	4580	1
0.034	112984	2
0.035	31226	2
0.036	200000	2
0.037	67640	1

Last trade - 14.02pm 02/10/2024 (20 minute delay)

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Yeah spot on. I reckon this mob will mop up the weak hands for a...

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Yeah spot on. I reckon this mob will mop up the weak hands for a...

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