Hold the price pre numbers confirmation at 2.3c so the deal looks good - check.
That support line was withdrawn as soon as the numbers for a YES were confirmed - check.
Next in the playbook is to remove all the bid support at 2.1c, 2.0c, 1.9c, 1.8c and potentially all the way down to 1.5c by the time this hits the courts - check.
It's just a well coordinated tree-shake to get people out at a 'small loss' before it becomes a 'big loss'.
I'd imagine the holding % of RCF allies would reflect a growing % holding in the Q1 quarterly.
Look back at other spec mining outfits at this similar stage of the journey, with similar MC and follow the trajectory of the companies after RCF tip their hand.
They are in this to make money, and now after the merger are free to run things that suit them and their agenda.
Nothing wrong with that - their money, their sandpit.
Do the research, get as much info as you can, and plan your exit strategy very very well.
It's funny I was saying that a tree shake was imminent to TDT last night!
TMT Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held
