RHK 1.14% 87.0¢ red hawk mining limited

whats going on., page-19

  1. 3,849 Posts.
    The flipside to an accumulation bot is the dispersal or distribution bot - whereby a large parcel is distributed in small q's pitched at whereever the LAST sale price is.

    WRT FMS this is clearly happening and appears to the unitiated as someone manipulating the SP down.

    Why? Seller may just have had enough, may see this as the highs for a stock, particularly one about to be diluted by 35%,

    OR it maybe someone intentionally depressing the SP who intends underwriting an option excercise period so as to pick up as many slightly out of the money options as possible.

    OR it may simply be someone who wants the oppies to expire out of the money so as to minimise dilution. This often happens when there is a very high number of options barely in the money as is the case here.

    There are many reasons but before you run off to the ASX you may want to consider why the SP is falling almost consistently while management does everything it possible can to get it up so as to maximise the cash from options being excercised.

    Now U can go ahead and bag me all you like.. if you're mature you'll take a deep breath and consider the info provided by "downrampers".... info some of you clearly need if the above discussion on bots and ASX surveillance is anything to go by.

    Cheers
 
watchlist Created with Sketch. Add RHK (ASX) to my watchlist
(20min delay)
Last
87.0¢
Change
-0.010(1.14%)
Mkt cap ! $173.8M
Open High Low Value Volume
87.5¢ 87.5¢ 87.0¢ $3.589K 4.103K

Buyers (Bids)

No. Vol. Price($)
1 1795 87.0¢
 

Sellers (Offers)

Price($) Vol. No.
88.0¢ 20000 1
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
RHK (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.