It doesn't. The only way to artificially increase volume is to do wash trades which is highly illegal. Those trades today have multiple parties so that's not the case. It's a type of contingent/iceberg offer that offers 30t units at a time up to a specified amount. Interestingly it doesn't have the annotations of previous style iceberg orders.
It's a good way of selling shares without making the offer heavy. Though tbh with this stock being so thick on either side of the market normally I don't see the point.
Ann: Ophara Project Highest Grade Gold and Cobalt result to date, page-81
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $231.4M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $62.58K | 595.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 580710 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 445691 | 9 |
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| Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
| STK (ASX) Chart |