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
- Enormous Upside Potential
I think the placement is much stickier than people realise for...
- There are more pages in this discussion • 55 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
6.0¢ |
Change
0.004(7.14%) |
Mkt cap ! $17.74M |
Open | High | Low | Value | Volume |
5.8¢ | 6.0¢ | 5.8¢ | $23.27K | 388.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9000 | 5.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.0¢ | 205863 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9000 | 0.057 |
2 | 142286 | 0.056 |
1 | 250000 | 0.055 |
1 | 550000 | 0.053 |
1 | 43596 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 205863 | 1 |
0.062 | 22469 | 2 |
0.065 | 193654 | 2 |
0.066 | 150000 | 1 |
0.068 | 150000 | 1 |
Last trade - 12.59pm 10/05/2024 (20 minute delay) ? |
Featured News
TM1 (ASX) Chart |