If you look at options trading, they obviously always follow shares. I don't see any reason why they won't be in the money later this year before you need to exercise them. With there being not much volume and opportunity to buy shares in TGM, perhaps the 'boys' will look to the options to buy to get their share up in TGM.
There'll probably be a revaluation of TGM before production, as the mill install is commissioned, etc, activity will increase.
Regarding funds, there's many options to look including forward sales on gold produced, etc, they have never had issues raising funds and i don't see them having any into the future.
I'm happy to hold and wait
If you look at options trading, they obviously always follow...
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $96.05M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.0¢ | $8.833K | 67.28K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 60146 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 27639 | 1 |
View Market Depth
| Last trade - 15.13pm 23/07/2024 (20 minute delay) ? |
| TGM (ASX) Chart |