BCB 0.00% 5.3¢ bowen coking coal limited

Ann: Investor Presentation, page-74

  1. 1,581 Posts.
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    What makes you think ‘someone’ is accumulating (ie a single entity)? Is it reflected in the sales history?

    I agree it makes little sense anyone buying at the recent raise would sell now at ~$20k loss after just a few weeks, particularly as drilling program seems on track and generating positive results

    I think the constant selling is due to one or both of the following:

    1. Residual major CBS shareholder/s exiting pre-RTO positions (3 viable candidates I listed in previous thread)

    and/or

    2. One or more ST traders having accumulated during recent low (1.6c, 1.7c) which they now intend to flip for easy profit

    In either case the 4m order will keep a lid on our shareprice until next good news and associated liquidity event, at least.
 
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5.2¢ 5.3¢ 4.9¢ $280.2K 5.529M

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No. Vol. Price($)
1 252701 5.2¢
 

Sellers (Offers)

Price($) Vol. No.
5.3¢ 235033 1
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