TMT 0.00% 26.0¢ technology metals australia limited

Vanadium Boom - TMT, page-62

  1. vmp
    13,508 Posts.
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    Based on CommSec data alone which I believe excludes chix, volumes traded since 15 March when it closed 29cents, were 33m, meaning
    -the 21m tradeable shares have turned over almost 2x in the last 3 weeks
    -likely with new investors joining with entry price between 29 and 36 cents
    -which is making the already tight register even tighter
    -and would likely hold tight until at least the results of the 24 drill holes are announced
    -and depending on the results, a massive re-rate, some profit taking, or further tightening of the register are the likely scenarios

    Very low mcap makes TMT a strong case for multi bags in the st/MT. Sometimes, posters keep mentioning low mcap and the imminent Ann of results and yet either very few would listen or find it out, very few would find it out until it's done 3 bags, and then that's the time many starts to listen. Prob is the re-rate would have happened and whilst buying Tmt would be a good thing, more patience would then be required before the next re-rate takes place as mgt would have to achieve further significant milestones which will normally be farther in between to increase the company's value proposition. At $7mcap now, which is obscenely low, those who find out the Tmt gem would be very fortunate imo.
 
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Currently unlisted public company.

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