PEN 4.55% 11.5¢ peninsula energy limited

Get ready, page-146

  1. 1,304 Posts.
    On your last point we're in agreement. I have absolutely no idea why anyone makes a trade, I can only speculate. I go back to mud guts question on timing, the only reason I posted. Forget about the buyers and sellers for a minute, and focus on the timing. If a seller wanted to dump stock to the tune of 2 million odd, why wait until yesterday? If a buyer waned to buy stock to the tune of 2 million odd, why wait until yesterday?

    The only material difference in circumstances is that the options are out of play, therefore, it's reasonable to assume on balance of probabilities, that this was the catalyst for their trade.

    Your supposition that someone might 'know something' may be right, it might be a good something, it might be a bad something, but they waited until yesterday to make the play. I'm not interested in apple pie-ing this stock, I'm interested in why someone saw the demise of the options as an advantageous time to move. Why would you, buy/sell stock in great quantities immediately after a dilutive question mark had been removed?

    I don't have all the answers BF, but this is a highly pertinent question for mudguts to have raised.
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Last
11.5¢
Change
0.005(4.55%)
Mkt cap ! $366.3M
Open High Low Value Volume
11.0¢ 11.5¢ 10.5¢ $2.185M 19.39M

Buyers (Bids)

No. Vol. Price($)
13 1892350 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
11.5¢ 3719 1
View Market Depth
Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
PEN (ASX) Chart
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