These guys stopped buying today. I reckon this will be #1 shorted stock on the ASX within a week.
Whoever is buying appears to be a shorting consortium. Today was evidence that shorters are ready to make this hit new lows. It would take massive buying to scare off these shorters and 1% of the register won't sway these parasites.
Problem with KGN is it is poorly run and revealed gross incompetence in a recent acquisition.
Ann: Change in substantial holding, page-3
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Last
$4.29 |
Change
0.120(2.88%) |
Mkt cap ! $432.5M | |||
| Open | High | Low | Value | Volume |
| $4.14 | $4.32 | $4.11 | $2.209M | 521.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2301 | $4.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.31 | 776 | 1 |
View Market Depth
| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| KGN (ASX) Chart |