Slight change of subject, but anyone surprised at how well the price has held up over the days since the options expired? I was expecting the price to drop back to about 10c, but it's been quite resilient considering the overall market has been soft.
I'm pretty much at the point now where I have little interest in any TZL announcements, predictions and plans, the only thing I believe is the share price. They could announce breakeven tomorrow, but unless the share price rises I'm not buying it. In fact my expectation is that the share price will inexplicably rise well before anything genuinely good happens.
At the moment I feel like there must be some reasonably positive things brewing, or the price would be under a lot more pressure, with no reason for them to be pushing it currently evident.
Still annoyed that they agreed a fat underwriting fee to Patersons rather than ramping the price to 20c, but I guess option holders were expected to be rather cynical and may not have bitten. They really should announce how many options were converted by holders... it's way past the expiry date/payment deadline and the more that converted the smaller the underwriting fee will be.
TZL Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
