Well I was close. Not bad considering. Still there are still the...

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perdant

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16/11/17

20:07

Post #: 28868897
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Originally posted by perdant ↑

Hi PhenoenixAM2017,
Having only been listed for two weeks odd, it's hard to guess what the open or close will be tomorrow. A few thoughts/points.

1. Orders will be purged when anyone logs in tomorrow. Don't stress if you see the highest bid at 30c, especially if you log in at 7:30AEST.
2. Barring an ann from left field, i suspect we will see a drop of around 10c some time during trading tomorrow.
3. How far it falls on open will probably depend on how many punters were holding for the options. Given many would have bought in the IPO, they may be happy to take 35c and some money off the table, making 75% and having the 1c options to hold or sell.
4. Allotment of the options is still a week away. Someone here said the other day, 'SP at 50c, strike 25c easy money' ... it's not that easy. Open tomorrow may see 35c so what will the market be like for the options when they list. I also think the thing to keep in mind is that options are used more for leverage. Very few are exercised prior to expiry.
5. A drilling program is imminent. An ann would help things. I was doing some research today at DMPWA regarding that tenement ... i have some thoughts

Anyway, that's my 2c worth. I'll go for a close of 36c

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Well I was close.
Not bad considering.
Still there are still the holders waiting for record date as per the announcement ... XE today, record date means nothing! Could be in for another down day tomorrow. Anything better than 33c is a plus for me.

Last edited by perdant: 16/11/17

TNO Price at posting: 37.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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Well I was close. Not bad considering. Still there are still the...

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