I don't believe they are real sellers.....fake sellers put up to give the impression there are some big boys looking to get out at that level.
This will force those looking to sell to come in under these prices while they sit on the other side buying up in the low 6 cents range.
Only works if you are silly enough to fall for it.....mid morning trading showed there was only just over 2 million shares available to buy..very thin.. so to stop the price pushing up quickly into the 7 cent & over range these "sells" came in around lunchtime to keep the price down & allow someone to accumulate at the lower prices.
These "sells" will disappear very quickly next week as the price pushes up closer to them...I noticed the "seller" for 2.5 million shares at 0.075 cents has already pulled. The 2 sells at 1.5 million each for 0.073 & 0.074 cents are still hanging around.
On another note - saw a report tonight which showed Cobalt was the second best performing asset for 2017 with an increase of 130% over the year. It outperformed other assets like the ASX / Asian Markets / Property & a number of other assets.
Bitcoin was the best performer at 1,500%......but it puts Cobalt fairly & squarely on the radar for Investors rolling into 2018.
Cheers
BAR Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
