TAR 0.00% 1.0¢ taruga minerals limited

Personally I think the low number of SOI (relative to other...

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  1. 751 Posts.
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    Personally I think the low number of SOI (relative to other similar players) has become a impediment for poor old TAR presently!

    There's very little liquidity in the stock currently and when you couple that with drilling delays due to customs the market has gotten bored and moved to other more liquid stocks.....WFE being a perfect example.

    However when you look back at what was bought up when the hype was on from initial announcement and then confirmation of assays from niton numbers there hasn't been a lot of selling relative to initial buying volume.
    For two reasons really....most are happy to wait for confirmation of original drill hole assays (other than some stale holders currently selling) and the other reason is there is not volume to get out a reasonable holding!!

    So yes it's a real frustration watching sp fall from where it was.

    That's the negative aspects.

    The positive is that if we can confirm 2-3% cobalt with similar intersections well there will be a sheetload more buyers than sellers and the low SOI, low liquidity will work in our favour by a greater magnitude on the upside relative to the downside we've recently witnessed and we'll all be happy campers.

    We have great MM, with local experience built up over many years and historical numbers to suggest this is way undervalued, just waiting on confirmation.

    When it comes all the traders, investors etc will come running from the likes of WFE and other stale stocks they hold and the lack of stock will be our blessing.

    Be patient and give it time to unfold.
    Cheers
 
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Last
1.0¢
Change
0.000(0.00%)
Mkt cap ! $5.648M
Open High Low Value Volume
1.0¢ 1.0¢ 1.0¢ $532 53.19K

Buyers (Bids)

No. Vol. Price($)
5 5768549 1.0¢
 

Sellers (Offers)

Price($) Vol. No.
1.1¢ 139009 1
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Last trade - 15.32pm 25/11/2024 (20 minute delay) ?
TAR (ASX) Chart
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