TMS 14.3% 2.4¢ tennant minerals nl

Where to now?

  1. 18,601 Posts.
    lightbulb Created with Sketch. 4
    Holders/watchers of TMS what is your take on current price of TMS and the restructure? I really see it as positive news and despite the rights issue at 2.5 cents I am surprised the stock has fallen the extent it has since the announcement. At the end of the day the company should now survive but obviously many in the market think it is over-dilutive. I would have thought this is preferable to receivership and dilution is the price shareholders must pay for a bailout.

    Anyway, I picked more up yesterday around 4.2c.

    Would appreciate opinions, esp those who have been following closely eg Grant, Alpha, Arthur, etc.

watchlist Created with Sketch. Add TMS (ASX) to my watchlist
(20min delay)
Mkt cap ! $8.769M
Open High Low Value Volume
2.1¢ 3.1¢ 2.0¢ $408.2K 17.51M

Buyers (Bids)

No. Vol. Price($)
1 39999 2.4¢

Sellers (Offers)

Price($) Vol. No.
2.5¢ 200000 1
View Market Depth
Last trade - 16.10pm 05/05/2021 (20 minute delay) ?
0.003 ( 14.3 %)
Open High Low Volume
2.0¢ 3.0¢ 2.0¢ 3229578
Last updated 15.50pm 05/05/2021 (live) ?
TMS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.