Whenever the Chinese are buying something they have an incredible ability to keep a lid on the shareprice as long as they can.
TIE current takeover is a great example.
The Chinese bid 58c a few months ago and the stockprice stays at 58-61c and completely ignored the recent +25% Gold rally.
The Chinese bidder then accumulated +30 million more shares and has know last week increased the takeover bid to 68c..
But still they keep a lid on the shareprice currently at 64c
Just have to be patient...
MTC other biggest Chinese shareholder paid 40c back on 22/12/2022 in a placement when Gold was just $1,800 so they will not accept anything less than a cash upfront bid on settlement of +45c for sure.
Ann: Underground Mining Activity Permit Extended at Sturec, page-8
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Last
22.0¢ |
Change
0.010(4.76%) |
Mkt cap ! $43.25M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.0¢ | 21.5¢ | $43.76K | 201.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 45793 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 30795 | 1 |
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| Last trade - 15.42pm 31/07/2024 (20 minute delay) ? |
| MTC (ASX) Chart |