share price, page-5

Andy,
In answer to your query the company Tasminex is still trading as Tasmania Mines Limited (TMM). The story of the price going to $93 per share was due to the MD of the Company making a casual remark to a reporter that Tasminex had more Nickel than Poseidon. The word got out & the shares jumped from around 35 cents to $3 in Australia before hitting the equiv. of $93 on the London market during the night. They were then suspended prior to trading the next day in Aust. & the shares were later relisted at about a dollar. I can't remember what action was taken against the MD for his incorrect remark.
(Poseidon was a stock that went from 39 cents to $280 per share within a year & at that time everyone was looking for the next Poseidon).
I hope that GNI can finally find the strike that he was refering to. Cheers.