When I spoke to investor relations months ago (when it was circa 5c) I asked the same question on why they couldn't place the stock. The answer then was that TKG wanted a premium to the current shareprice. Don't they look good now? They should have just placed it as the market would have picked up on the fact that they were offloading (creating a glut) and sell down accordingly (but maybe this is hindsight speaking). So, two different answers but maybe TKG need to hold considering it is smashed. Amatuer hour.
I also found it strange they didn't comment on the shareprice. I certainly would have said something if it was my company, can't hurt.
management-reply, page-15
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.719M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.8¢ | $38.61K | 4.826M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 3761919 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 1636354 | 3 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| LCL (ASX) Chart |