capper worked hard today but only got 2M and a half cent drop. How Pathetic is that!
He tried to drop it to 16.0c at close but closed at 16.5c with a counter manipulation buyer came in right at the end. VWAP was 16.7c. Closing volume match is guess what, 17.0c yet again.
Monthly chart look like a new flatline ledge forming for the next ramp higher
Was looking like another run at 17.5c before that 1M seller.
So looks like Eduardo again keeps offloading 1M chunks lightly at 16.5-17.0c
Looks like he wants to go free carried or block the runup, seems strange as he has 20M reasons to let the stock run up unless he wants to keep it low for a cheap takeover bid.
Eduardo looks like he is shooting himself in the foot & selling too early.
Must be some corporate play here as the Board must be real P@ss@d with him as he got Casposo for a song 51% for $1M cash and this is the payback, give him another $1M profit on the shares also!
Casposos 51% was sold for (1-1) = $0 effectively! What more does Eduardo want?
Casposo for free, $1M profit from $2.5M invested, to sell TRY some tenements or Karouni for $100M? Take a pick.
Billionaires dont make billions from selling stock at 40% margins, maybe at 1000%+ margins.
With Q4 about to set some more records imho, this manipulation will have to end sooner or later.
Board needs to respond to this with some announcement. Maybe they wait for the gold price to rise.
The preso was a great setout plan of the high grade reserve upgrades we will be seeing for the next 1-18 months. TRY goes net debt free by 14-30 June, not far away.
TRY Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held