maybe that's the difference - this is very real and not far in the future - so, it has attracted serious players.
I said a while back this is out of our hands - and, I meant it.
I also said back in 2014 that if AJX was the real deal - we should expect to see every trick in the book played here to scare anyone possible out of their positions - legal or illegal, moral or immoral - that the company appears to be the real deal ----------- make no bones about it -- big fat wallets can move this SP where they like - and they will go to what we consider extraordinary lengths to get any stock they can.
Stock isn't easy to get in quantity here - sure, we see the price drifting - but, try and pick up 5 or 10 million shares --------?
Cut the depth lines down to 5 and see what difference it makes on the screen.
The volume monthly continues to drop away to a drip -------- last week - 10 million show on the screen - an unusual week - what's the bet that June looks really light again -- May may also look light on the monthly volume.
All this noise - isn't actually achieving much - volume wise - and, GR and Co. won't release the reins on large offerings - look at the combined stock released in the last 2 CR's - it isn't much.
In future - we might get another CR before listing - but, I suspect not - so, listing is going to be $10 to $20 million - and, at a much higher price than now - so, that means a small number of stock - again.
Also - a LOT of people are holding here - and, holders don't do much to the price - they just sit ------------- all they effect is limited supply - which is clearly annoying the crap out of a lot of instos.
IMO - once they see some numbers - or at least larger contracts - they just won't be able to resist - they will try the bot trick - but, it only goes so far - and, in dull times. Eventually - they will break ranks and buy on market - and, when one moves -- the others will panic - they will see the price rising rapidly and know that they have 2 choices left ------------------ wait, and pay a higher price - or jump in and buy - even though that will push the price higher -
they will choose the latter - why? because they are not in the position of power when their ranks break - and, all the little weak hands would have sold way before.
Indeed - they are mostly gone anyway - that's why the volume graphs are dropping away ------------ little positions - taken a profit and sold to strong hands - who hold on tight.
Pinto
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.31M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 666 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 638801 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 666 | 0.012 |
1 | 899999 | 0.011 |
2 | 3058333 | 0.010 |
3 | 1422222 | 0.009 |
2 | 1075000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 638801 | 4 |
0.015 | 906200 | 4 |
0.017 | 321118 | 2 |
0.018 | 115942 | 2 |
0.019 | 12500 | 1 |
Last trade - 12.32pm 16/10/2024 (20 minute delay) ? |
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AJX (ASX) Chart |
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