In a nutshell - TMT has:
25m shares on issue & 4m cash
EV only $1m after today's rise!
Will offer many trades over the next 2 wks until the formal assay results are received
The way I look at it, say it's a complete duster (which it's not given today's Ann, historical assays & being along AVLs strike) then they have $3.5m cash for another acqusition
Contrast that with the potential upside & it's an absolute no brainer IMO
With every listing there are stale holders & IMO that's what we saw today. An opportunity for them to exit as today was the 2nd largest volume day on record.
Tomorrow should see the start of a monster re-rate as it appears on a lot of new radars & the stale holders are no longer there.
In a nutshell - TMT has: 25m shares on issue & 4m cash EV only...
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