PV1 5.00% 1.9¢ provaris energy ltd

Thanks Halberd. I will have a look.It's a little after the lord...

  1. 5,279 Posts.
    Thanks Halberd. I will have a look.

    It's a little after the lord mayor's show today. Where has the swarm of posters gone? Moved on to the next target while nursing their wounds?

    Anyway I think TTE is good buying here. The placement was for 160m shares. Assuming 75% was the short term overhang (120m) and 63m has already been sold (of which say 75% is from the overhang), then this means that there is 120m-48m = 72m left.

    At the current rate of trading, this should be absorbed at some point next week leaving TTE to be rerated on fundamental appeal.

    I have changed my sentiment to buy.

 
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No. Vol. Price($)
4 559770 1.9¢
 

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Price($) Vol. No.
2.3¢ 217391 1
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