TOE 4.26% 22.5¢ toro energy limited

TOE Chart, page-171

  1. 488 Posts.
    lightbulb Created with Sketch. 11
    Thanks for the comparison LF...An interesting day for TOE....

    Hard to pick TOE ATM...there may be some accumulation happening based on the concerted push to keep the SP below 0.032 all day....every time it hit 0.032 there was an almost immediate sell into 0.031 or 0.0315......but then they let it finish even. If the $10m Unitisation Deed (Pg 46 of the 2021 Annual Report) with the Sentient Group hadn't been paid out in full at 28 July 2021.....I would have said Sentient were working on suppressing the SP to maximise their issue, which appears to have been around ~500m shares @ 0.023 in the May 2021 placement.

    Obviously, compared to companies like ACB, TOE have A LOT of shares out there...I suppose at some stage they will either come back to meet TOE or TOE will move to their levels.....hoping for the latter!!!
 
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