TZL 12.0% 2.2¢ tz limited

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  1. 1,373 Posts.
    I agree TZ have imposed a news blackout and stated so some time ago and also that it may be related to ensuring the price DKR could receive on-market was limited. DKR are obviously not selling now but will not allow TZ to acquire all their notes at $3.02. So they will convert and keep and perhaps sell down or transfer to another buyer off-market. That is a certainty. Either way the overhang has disappeared and the price is being allowed to drift up again without that selling capping it at $4 or less. Does that mean the DKR situation is resolved? Regardless, the TZ management has started making more announcements after a long time and that suggests the matter is at an end. If so then there will be selling only from traders and they will rapidly thin out.
 
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Last
2.2¢
Change
-0.003(12.0%)
Mkt cap ! $5.645M
Open High Low Value Volume
2.2¢ 2.2¢ 2.2¢ $12 550

Buyers (Bids)

No. Vol. Price($)
4 284450 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.6¢ 179477 1
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Last trade - 12.21pm 22/05/2024 (20 minute delay) ?
TZL (ASX) Chart
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