Australia's largest stock trading and investment forum Australia's #1 stock forum

TNG

Click for more information

1.01%

9.8¢ tng limited

If sp drops to 7.5 I will be dipping more than a toe in. This...

First 136 Last

Share
Profile

Follow
siddley

1,018 Posts.

92

21/02/19

12:53

Post #: 37515359
Share

Originally posted by TheGermanLad ↑

The ignoring game is on again, entertaining indeed.

Anyway, from a trading perspective this is going to be interesting. With each day passing without any substantial information the price will become more vulnerable. Sub 10 cents will act like a vertigo inducing abyss which may lead to some sharp drops as weaker or leveraged investors will have to get the hell out of Dodge. These drops may be short lived but absent any liquidity will be pretty severe in terms of price.

A 7.5 cents reentry point may be in the cards for those daring enough to put their toes into this. I see the same situation on the German exchanges.

However, and this is indeed the caveat emptor, any positive news could counteract this move. But let’s be honest to ourselves: only financing and a positive FID will lever this share from the fangs of its decades long ebb. Not even the draft release of the plant EIS from the butterfly and bug counter will change that short term or any titanic titanium offtake either.

Expand

If sp drops to 7.5 I will be dipping more than a toe in. This project is too big to fail. NT need this to happen. Patience will win out in the end.

TNG Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Open: Green Friday as markets digest Trump; China | 8 Nov 2024

REM

Equinox unveils some of "world's highest" antimony grades at Alturas, Canada

ALQ

AuKing Mining flags gold in rock chips on-site Saudi Shaib Marqan project

Trump is President Again: What Does This Mean for Crypto?

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

IOU

NMR picks up advanced gold projects in far north Queensland

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

MLS

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

There are more pages in this discussion • 23 more messages in this thread...

First 136 Last

Add TNG (ASX) to my watchlist