MGT 2.00% 25.5¢ magnetite mines limited.

MGT share price, page-8242

  1. 5,048 Posts.
    lightbulb Created with Sketch. 5091
    (OK so I wrote a reply to this, posted, then it disappeared, so sorry if this is duplicated)

    However @Rewop my question (genuine one) is: how does this screenshot show any manipulation?

    All I see here are a bunch of smaller orders getting filled at the limit price. I see this all the time when I place my own limit orders, you ask for 25,000 shares on something and the order get executed across multiple lines. Perhaps if there were heaps of tiny trades (i.e less than $10, where no retailer can ever break even given the brokerage cost), or multiple repeating trades of tiny numbers of shares, then yes you might be able to talk manipulation, but I don't see that here. These parcels you're screenshotting are all still mostly in the thousands of dollars. They may not be large but that's what I'd expect on a register dominated by retailers.

    As an aside, to be bluntly honest I see the 'manipulation!' excuse thrown around HC far too often. I think it is something we retailers turn to for comfort when the stock we like/are committed to is in a nasty downtrend. To be objective, I doubt there are many institutions who would be allowed under their charter/guidelines, to muck about in a microcap junior mining stock. They are investing their clients' money and they would more than likely exit positions quickly to preserve capital (and their own reputations).
 
watchlist Created with Sketch. Add MGT (ASX) to my watchlist
(20min delay)
Last
25.5¢
Change
0.005(2.00%)
Mkt cap ! $25.55M
Open High Low Value Volume
25.0¢ 25.5¢ 25.0¢ $7.504K 29.99K

Buyers (Bids)

No. Vol. Price($)
1 98851 25.5¢
 

Sellers (Offers)

Price($) Vol. No.
26.0¢ 6261 2
View Market Depth
Last trade - 11.00am 06/08/2024 (20 minute delay) ?
MGT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.