Don't think so. It was sparked by a bidding up of 1.5 million shares and the the need to cap the price rise. The shorts have increased by 829,424 in the last 4 days purely to cap the price. They hope to buy back cheaply and make a ton of money. I am afraid lies are part of the fraud.
https://stocktrack.com.au/asx/kcn/shorts
Ann: Sydney Mining Club Presentation, page-49
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 (20min delay)
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Last
$1.40 |
Change
0.045(3.32%) |
Mkt cap ! $360.8M | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.42 | $1.38 | $627.5K | 448.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 36314 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.41 | 506 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| KCN (ASX) Chart |