Aussie, I was just reading your recent post regarding "selective capital return". As far as I can see such privatizations are not that easy for a viable company such as TIG. Firstly, it normally happens when a listed company is selling at 0.001 cents and is effectively insolvent. Such procedures are difficult for viable companies as they must not disadvantage a single shareholder unless they choose to be disadvantaged. Capital returns are often offered to those with such a small holding that it cannot be traded on ASX.
TIG is not anywhere near that yet and there is every reason why it never will be.
What I think is happening at present is somebody has to sell and there are willing buyers at 3 cents. Everyone else who does not have to sell will not as evidenced by the trading history.
With off market trades, it is a matter of someone stands up and says I want to sell and someone else hears that and says I want to buy.
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