"I can only think that someone is selling short."
What in particular makes you arrive at that conclusion?
Here is a resource that may be of some benefit when pondering such things:
https://www.shortman.com.au/ - It's not perfect (relies on reporting entities) but it does give a general feel for trends on the topic. TNC would be a very difficult stock to short in any meaningful way imho.
Personally, I sold out (again) on Wednesday at 3.5/3.4 after only being back in for a week, but I admittedly have a low tolerance for risk on this. On this occasion the catalyst for me was APAC selling. Always making decisions based on imperfect information, but experience tells me not to ignore Substantial Holder selling.
I stay connected to the stock because I think there is potential. I lost a bit of money after participating it the 12c placement last year - I'd like to make that back at some point, but adding to that loss in any meaningful way is something I would prefer to avoid.
Also, not particularly helpful to holders, was the short piece 'Money of Mine' did on TNC on Wednesday. I won't repost that here (unless you'd like to see it?) but that might not have landed well.
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TNC
true north copper limited
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31.0¢

"I can only think that someone is selling short."What in...
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Last
31.0¢ |
Change
-0.005(1.59%) |
Mkt cap ! $39.01M |
Open | High | Low | Value | Volume |
32.0¢ | 34.0¢ | 31.0¢ | $44.13K | 137.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 84292 | 31.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.0¢ | 40000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 84292 | 0.310 |
1 | 350 | 0.290 |
2 | 13128 | 0.285 |
1 | 3570 | 0.280 |
1 | 11300 | 0.270 |
Price($) | Vol. | No. |
---|---|---|
0.350 | 40000 | 1 |
0.365 | 12000 | 1 |
0.380 | 3001 | 1 |
0.390 | 2246 | 1 |
0.395 | 40000 | 1 |
Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
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TNC (ASX) Chart |