Thats pure suppression from a big bank doing the bidding of an entity.
The purpose is to hold a price, not to profit from a short, or accumulate from retail.
(with limited SOI, GS could short the heck out of it and profit with the lack of market confidence at the moment - So that it not the play)
I would surmise that GS is working for ALB.
ALB then come with a $4 offer. Instead of Wr1 fairly valued at $4 and needing offer $8.
WR1 General Discussion, page-19860
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Last
62.0¢ |
Change
0.045(7.83%) |
Mkt cap ! $134.1M | |||
| Open | High | Low | Value | Volume |
| 57.5¢ | 62.0¢ | 56.5¢ | $331.3K | 554.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7445 | 61.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.0¢ | 14999 | 1 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |