TMT now has a very large target on its back, page-599

I liked reading ‘the last 15 posts’ because they came across as straight talking amongst people who have been invested in this company way longer than me.
I also liked them because there’s a reminder in there that many larger holders are sitting at very low average prices and whilst for these holders it’s easy to trade and win, even at current values, it’s also a reminder there are a great many large holders sitting tight!

— I think TMT is lucky to have a solid base of roosting ‘big birds’ who clearly don’t intend to ‘flip for chips’ …( or if they have been rinsing shares, they clearly come back)

Spoiler : Three year top 20 lists

In the last annual report the number of shareholders holding more than 100,000 shares was 85.29% of the company.
With the recent capital raise, and with prices being so low I get the feeling there’s likely a few more than that now despite the ‘squid ink’ jeering being tossed around on the forum.
I also believe that many of these (suspected) newcomers have an eye to the fact shares have this week been LESS than was paid by Resource Capital Funds

(…who initially - in 2o21- believed there was value in buying 18% of TMT at 35.7c a share ($13.5m [ref])​

..and just a fortnight back put in another $2.75m [ref] in an $11m capital raise at 28c a share)​

Anyway I’ve bought a few more in hopes the new funds will push things along and also because the company has confirmed early works contractors have been booked.

—In this works-hungry mining environment there is no room for contractors to be sitting idle waiting for approvals - jobs are assessed and costed on the basis of start dates, the amount of equipment and workers required, and the time the works will take the work fits with jobs ending and so that forward contracts can be bid for.​

I imagine any delays to the schedules these contractors have planned would be extremely costly to TMT.​

I even feel positive about the very strange 29.5c close today .. a paltry 883 shares at that price lifted the price by an important 1.5c giving a 9.26% lift to yesterday’s close.…
And as they say: “it’s the close that matters” - that’s the price that’s going down in TMT’s chart history and wouldn’t it be sweet if there was good news on Monday and those 880 shares gave us a head-start on the gains that might follow?

…… Anyway thanks for the ‘older wiser heads’ (?) contributions and I’m still feeling enthusiastic despite the DT’s
(doubting thomases not delirium tremenses).

cheers