Volumes have been relatively thin/normal if you exclude the massive cross trades, we had another one yesterday of almost 1.9MM at 0.86. Over the recent past there has also been two large orders totaling 350,000 shares sitting at 0.85 which despite the price action don't look like getting hit, I suggest these are props as it's very unusual for IPD to see these large orders in the queue. The bots seem to be keeping the price in the 0.86-0.88 range. One possibility is that the SP is being managed at this level in order to dissuade shareholders from participating in the SPP, thereby reducing dilution to the instos who participated in the raise. If that is the case, we should see the SP start to rise after March 16? We shall see, in the meantime it does provide a good opportunity to top up for those with patience. It's an SMSF stock for me.
IPD Price at posting:
88.5¢ Sentiment: Buy Disclosure: Held
