I think the placement is much stickier than people realise for the following reasons:We know that Tribeca is maintaining its 15.6% & directors are taking another 13.2%.Glenn/Jane Whiddon hasn’t lodged a change in substantial for his 8.2% which means he/they must’ve maintained his/their shareholding.Consequently you have 37% of the placement in tight hands.As stated in an earlier post, from my sniffing around, the company was very selective as to who received stock & given the involvement of Middlemas & his Apollo Group, I’m sure matters would’ve been handled in a manner befitting their experience & corporate acumen.If I had to venture a guess as to some of the recent selling, you may not have noticed but GCX has options that expire in June ’27 with a 7c exercise. They rarely trade.Yesterday a line of options corresponding exactly with the quantity held by a Jet Capital P/L was transacted. The same holder has 2m shares & I wouldn’t be surprised if they were the seller yesterday & today.Just putting 2 and 2 together, and of course may be wrong.Either way, it’s still very early days & although the volume is relatively large for GCX, it’s still a joke in absolute terms.The drill bit will prove whether the company has a monster on its hands & we don’t have long to wait.IMHO, the potential risk/return here is unparalleled to any other play currently on ASX & anyone who thinks that the stock is frothy because its price has returned to the levels last seen in mid-January is kidding themselves.
- Forums
- ASX - By Stock
- TM1
- Enormous Upside Potential
Enormous Upside Potential, page-15
-
- There are more pages in this discussion • 57 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TM1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.8¢ |
Change
-0.001(1.27%) |
Mkt cap ! $28.42M |
Open | High | Low | Value | Volume |
8.1¢ | 8.7¢ | 7.6¢ | $1.812M | 22.37M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 76907 | 7.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.9¢ | 645377 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 76907 | 0.078 |
2 | 388844 | 0.076 |
3 | 550000 | 0.075 |
1 | 15000 | 0.074 |
3 | 80000 | 0.073 |
Price($) | Vol. | No. |
---|---|---|
0.080 | 588888 | 3 |
0.081 | 250001 | 3 |
0.082 | 12195 | 1 |
0.083 | 320000 | 5 |
0.084 | 279444 | 5 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
Featured News
TM1 (ASX) Chart |