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Ann: Impressive Gold Grades in Youanmi Drilling, page-513

  1. 11,416 Posts.
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    I caught some of the action this afternoon, was interesting to watch. As soon as it hit around 4.9-5c two to three lines were taken out I guess by the entity and in their place large bids appeared of around $150k and smaller bids of around 10 x 200k, presumably from the same entity.

    Other buyers were forced higher to go higher and started taking out the line above, then the large bids were removed then a small tickle sell, stop losses were hit and the entity accumulated the lot.

    I estimate that between the lines taken out and the stop loss collection the entity picked up around 10 million shares and can now start the accumulation again under 5c.

    Although I didnt see it I presume the same thing happened yesterday.

    Now for some research to see why the effort to accumulate tens of millions of shares under 5c...
    Last edited by vertigo: 18/06/20
 
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