There has been good turnover in TVN over the past 2 days with over 6 million yesterday and 4 million this morning. With the AGM out of the way last week maybe the company is ready to make some acquisitions in the iron ore sector.
The sellers are getting fewer and fewer with the next seller today at 1.2 cents for 379,000 and 4 million on the buying side at 1 cent. Looks like there is accumulation going on at present.
Once through the 1.5 cents level it will get interesting. I have been holding for a long time waiting for the announcement and feel that this time around it is going to happen sooner rather than later.
TVN Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
