Von, It is not that easy to estimate free float. You have to start with the 27.7% of not easily identifiable shareholders.... but for sure this includes several big shareholders that are very unlikely to be trading (past directors like Tony Manini, Owen Hegarty, Craig Parry, and a few others) who have no need to sell. Throw in a fair number of the other original sophisticated investors who got their shares before the TIG IPO, bought or sold some more and eventually received their shares at the inspecie distribution from Tigers realm last year. It is possible that the free float at 5c is tiny. This is about what it cost us all at the beginning even though the IPO was at 50c. For a while we were all rich on paper but we were escrowed.
We paid an "entrance fee" to seed Tigers Realm and this has to be included in the cost of what we actually paid for our shares but even this in incalculable because we also hold shares in NXE's Arrow deposit and Asiamet's BKM/Beutong deposits.
My estimate is the free float is peanuts at 5c (sellers have to buy groceries); at 10c it would begin to grow because there would be a few people tired of 5c plus profit-takers from the last 2.3c raise; at 15c it would be getting exciting as the traders move it and at 20c the last large number of buyers in the 20-25c range would let go to break even and the axles would be greased well and truly.
Short answer: Free float at 5c is peanuts, maybe a small fraction of 1%.
Von, It is not that easy to estimate free float. You have to...
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