DRE 4.55% 2.1¢ dreadnought resources ltd

(a bit of a) Summary, page-95

  1. 4,676 Posts.
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    Howdy All,

    I have been asked to repost this here,

    i have just pulled up some broker data which shows who is buying and who is selling.

    https://hotcopper.com.au/data/attachments/3416/3416615-69475818d06d2b43badfbb0612d5e954.jpg

    Important take aways from the data;
    - Retail (in blue) folks have been buying the dip, congrats, the power is increasingly in the power of the people
    - Shaw Partners (in Purple) have been buying the sell down, this is significant news as they are the closest people to management and to the projects, essentially its fair to say "they are in the know" more so than any other.
    - Hartleys (in yellow) are the firm that are assisting with the note conversion sell off on behalf of their clients (more on this below);

    We were wrong that the conversion notes were fully sold off on monday. the details suggest as follows;
    - Monday 26th July 54,850,000
    - Tuesday 27th July 32,550,000
    - Wednesday 28th July (no info yet but assume
    - Thursday 29th July (no info yet but assume
    - Friday 30th July ( no info yet but assume sell off was finalised today)

    So the stock has been under significant sell pressure all week, but it people feel my figures are reasonable then that sales pressure from the note conversion should be finalised by now. And the following week will march on less the dumping,

    https://hotcopper.com.au/data/attachments/3416/3416681-23310ce14839189bd4d78c221229a725.jpg

    The broker data is only current as at Tuesday, i will update as the info comes update in the days ahead.

    So IMO everything is explainable, and had it not been for the note conversion then we may have already been at 9c-10c, look at the numbers and make comments as to if it looks reasonable.

    Also i welcome any challenges or alternative opinions to the info i have provided as it beneficial, but i just ask that you provide reasons or assumptions to back your claim just like i have.

    If you appreciate the numbers i have put together and you feel they are bona fide please dont forget to hit the like/great analysis button, it assists when trying to refute downrampers/pumpers etc as it adds credibility,.

    I am not sure if this is the right area to post this, so feel free to copy and paste this in the correct location

    Next week, there will be no conversion note sell down pressure, no down ward pressure means she is free to continue climbing

 
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(20min delay)
Last
2.1¢
Change
-0.001(4.55%)
Mkt cap ! $73.92M
Open High Low Value Volume
2.2¢ 2.2¢ 2.1¢ $16.07K 747.2K

Buyers (Bids)

No. Vol. Price($)
13 3903420 2.1¢
 

Sellers (Offers)

Price($) Vol. No.
2.2¢ 365668 4
View Market Depth
Last trade - 16.10pm 29/07/2024 (20 minute delay) ?
DRE (ASX) Chart
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