Fairly standard day 3 profit taking/selloff after a surge without any announcement. Not helped by a weak market.
You would expect traders to be back into this one at some point on the hope of a TVN repeat. If it follows the pattern id be expecting it to stabilise around mid 2's before recovery late Tuesday or Wednesday. Cant see it breaking that .033 without an announcement but stranger things have happened.
Its on the radar and generally the players arent happy pushing this just the once. And if the Mongolia story holds up, traders are also aware that this is likely to surge quite well after any announcement and may be keen to take a position early. Just my opinion.
TPL Price at posting:
2.6¢ Sentiment: ST Buy Disclosure: Not Held
