I'm guessing its because the directors are trying to push a resolution through that has no benefit to minority shareholders and benefits greatly one of the executive directors.
I would be highly suspicious of the activity today, in such a thinly traded stock, when a sell down occurs triggering stop losses to $1.70 and then suddenly buyers instantly come back on up to $1.90.
Directors may be accumulating in order to ensure that the resolution is passed. Accumulation now in the face of the negative independent expert's finding and with a pending resource upgrade due in the next quarterly could be profitable for the directors in two different levels - profits from the inside trade plus the longer term benefits of the resolution.
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anyone know why the huge sell off, page-3
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Last
8.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.69M |
Open | High | Low | Value | Volume |
8.0¢ | 8.0¢ | 8.0¢ | $2.4K | 29.99K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 7.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.4¢ | 276612 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.079 |
1 | 100000 | 0.078 |
2 | 151578 | 0.076 |
1 | 41666 | 0.072 |
1 | 14285 | 0.070 |
Price($) | Vol. | No. |
---|---|---|
0.084 | 276612 | 1 |
0.085 | 200000 | 1 |
0.087 | 59687 | 1 |
0.091 | 1260 | 1 |
0.100 | 29000 | 1 |
Last trade - 10.04am 23/07/2024 (20 minute delay) ? |
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