This wasposted on the DTR THREAD by postlapsarian (i thought it was a great post)
I think asimilar could be happening on TMG for TMGLF
After reviewing the past two days of trade, and my observations from yesterday: this is textbook market maker accumulation. Not organic selling. The sudden and aggressive dumps followed by robotic buy walls (10c yesterday, 7c today) are classic signs of price cycling. MMs sell into depth to trigger panic, then buy back at lower levels, controlling the floor.
This is to accumulate for US retail traders, and in the meantime, arbitrage. DTREF is trading at a premium, because they are literally setting the price there, while controlling the price here.
ASX retail is panic selling, so MMs are hoovering up cheap DTR, journalling it to DTREF, and planning to offload at higher OTC prices once DTC eligibility unlocks access for proper retail flows. This is the most obvious arbitrage setup in recent memory.
Aussie traders = panic, overreaction, no risk appetite.
US investors = hungry, curious, and asking why ASX is throwing away value.
Volume and trade patterns confirms this is a controlled play and textbook accumulation:
~90M traded yesterday
~245M already traded today
In my opinion, today will likely hold flat or bounce into close, justifying the USD open price. MMs will test demand on DTREF tonight (from the few who can currently access it) and scalp arbi gains. Tomorrow - rinse and repeat.
I would very roughly estimate around 300M shares have already been moved to the OTC. So expect plenty more aggression and tree shaking to drop weak koalas.
While it's painful to watch short term, MMs are not short term scorched earth players. Their principal job is literally facilitating liquidity, and they know that the US trade is where the money is. Killing the price completely would damage US investor sentiment before it even begins, ruin their own long term arbi trades, and wipe out confidence ahead of wider access via DTC eligibility. Having the US president personally call out and support a critical resource play, with a brand new listing? This is a market makers golden ticket.
Hold steady, the US sees this as a national security opportunity. This is a once-in-a-blue-moon setup.
Lots od Aussies will panic sell, or take their small scalp wins and walk off, don't let it bother you. The more stock in US hands, the better for us: holders of a US-backed REE, gold, and potentially antimony play inside one of the most geopolitically supported (and funded) stories of the decade.
Final note, open an international trading brokerage account, journal your DTR to DTREF asap.
Time to step away from HC for a bit amid all this emotion, panic, and toxicity.
Best of luck to all holders, and even to those who are still here to 'rub our faces in the collapse'.
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TMG
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This wasposted on the DTR THREAD by postlapsarian (i thought it...
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Last
7.4¢ |
Change
-0.008(9.76%) |
Mkt cap ! $68.91M |
Open | High | Low | Value | Volume |
8.4¢ | 8.5¢ | 7.1¢ | $2.946M | 37.77M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 618838 | 7.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.5¢ | 500000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 618838 | 0.074 |
5 | 1387684 | 0.073 |
2 | 2350000 | 0.072 |
10 | 1660877 | 0.071 |
12 | 1452114 | 0.070 |
Price($) | Vol. | No. |
---|---|---|
0.075 | 500000 | 1 |
0.076 | 120000 | 3 |
0.077 | 330000 | 3 |
0.078 | 97830 | 1 |
0.079 | 342462 | 3 |
Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
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TMG (ASX) Chart |