Natva
Welcome to the world of algorithm trading. The reason there are no costs in this process is that it is the institution/brokers who are accumulating. Just have a look at the trading history for the last three months early October 2017, then mid November 2017, again mid January 2018, end of January 2018 to mid February, finally late February 2018, at least 2 to 3 million shares traded over 2/3 days pushes the price up then concerted selling into the bid side irrespective of the volume/number of buyers against sellers. More recently the accumulation has accelerated and been more sustained. At some point sellers will dry up at current levels as TLG is tightly held by Top 20 and just outside as the same names drift in and out over time together with other long term holders whoa re well in the money.
TLG continues to notch up major clients and has been doing so for at least two years, each time peeling another layer of information into the market as those clients become more comfortable with the product. TLG has not run adverts in the AFR like some under the guise of 'announcements' it continues to progress down the path of a fully integrated technology play and has received significant support from regional institutional players in Scandinavia
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