Highly unlikely you are confusing TG6 with a company that institutions are investing into. Its a junior owned by a mix of larger and smaller retail. On the last AR retail owning 100k and less shares held 28% of the company. Retail owning 100k to 624.9k owned another 34% of the company. Those owning less than 625k of shares collectively control the company (if they were able to be organised to do so with their voting). The T20 started at 625k of shares. Most of the T20 are also retail names not institutions. Only three entries in the top 20 had the word nominee in them or looked like they may be holding shares on behalf of a wider group. At the moment a $100k investment would put you in the T20.
The share price is most likely not going forward yet because there are still elements of uncertainty so retail haven't yet bought into the revised TG6 story. Can TG6 deliver? How much gold is there? How much will the toll processing cost? How much will it take to shift it to the mill? How long will it take? will the gold price stay up? what is the grade of the surface ore? Where are TG6 looking to mine first? What costs will there be before moving the ore piles starts? how much cash is needed for the main mining operation? Where will this cash come from?
TG6 Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)