Top 20 hold 50% of the company. That was as at 09/23. Since then there have been two Institutional only raises for $16m. That figure would now be a lot higher.
With consolidation, a tight free float and only 120m shares on issue, all the ingredients are there for a very very fast move
TOE Price at posting:
32.0¢ Sentiment: Hold Disclosure: Held
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