PGY

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1.8¢ pilot energy limited

Ann: Pilot Announces $4 million Placement, page-40

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ResourceEagle

945 Posts.

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21/06/24

09:50

Post #: 74419700
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Originally posted by slick: ↑

Do you really think it's fair to call sellers dumb? There is a myriad of reason some people cash in their shares from financial commitments, timelines or even just being sick of being in underperforming micros. PGY is a 23mil MC and a whopping 1.2 bill SOI so with that sort of script on offer, this will never be tightly held.
A lot of that 1.2 bill of script is trapped higher therefore you are going to have to accept a lot of churn at every price point above current levels.

Look I don't think you meant to insult those sellers or you meant it in a derogatory way but maybe there's a better term of endearment? Because lets be honest, anyone that has been hanging onto this stock for a fair while may want to question their own strategies?

Anyway, moving forward it's always a shakeup when a placement is announced, shite gets thrown in every direction and we need to see where it settles. Hopefully the 2 cent zone establishes itself as a base. Technically there not much support at this level but you'd like to think our new placement holder may not let it go far below this level. He's going to want a return shortly.

I am curious though, the last placement (similar to this weeks with sophs and insto's ) was done on the 6th November just last year and I've starred it on the below chart. Check out the sell-off of that day as well. That placement was at 2 cents.
I'll bet any money that huge red selling candle a few days prior to the placement was the same sophs and insto's selling out once they had negotiated their 2 cent placement! Staggering that they were able to negotiate 2 cents as what would VWAP have been in the 14 days prior? A lot more than 2 cents. (check the chart)

Bastards have done exactly the same again.

And many here complain about traders, seriously these sorts of stocks are just playthings for the boys. Next time it pumps take some profits guys as that's exactly what the sophs involved in the placement are doing. IMO.

Cheers

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Sorry I didnt realise I'd insulted your type Slick.

You do you, keep trading if that's what gives you purpose in life. Pesonally, I think trading is a mugs game in the penny stocks and is what's killing the market.

Me, I'd rather keep my money in and provide some of this startups half a chance at building a future industry for our children.

PGY Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.8¢		Change 0.000(0.00%)		Mkt cap ! $24.85M

Open	High	Low	Value	Volume
1.8¢	1.9¢	1.8¢	$16.52K	910.2K

Buyers (Bids)

No.	Vol.	Price($)
4	1352698	1.7¢

Sellers (Offers)

Price($)	Vol.	No.
1.8¢	400000	2

View Market Depth

No.	Vol.	Price($)
4	1352698	0.017
7	4050000	0.016
4	1639026	0.015
6	3014285	0.014
4	2600000	0.013

Price($)	Vol.	No.
0.018	400000	2
0.019	1667098	3
0.020	1345742	4
0.021	1220028	4
0.022	378662	3

Last trade - 13.47pm 02/08/2024 (20 minute delay)

PGY (ASX) Chart

Ann: Pilot Announces $4 million Placement, page-40

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Sellers (Offers)

Featured News

Ann: Pilot Announces $4 million Placement, page-40

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News