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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Last
$1.52 |
Change
-0.020(1.30%) |
Mkt cap ! $390.4M | |||
| Open | High | Low | Value | Volume |
| $1.53 | $1.54 | $1.49 | $991.3K | 656.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2369 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 3601 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |