Two scenarios:
1. They knew the result from Avalon being unfavourable and leaking to their mate/ sharks. Pokili result was expected to be "bad" so the SP should not be smashed in such brutal way for its news released. So I guess the upcoming result will not be good but I still willing to have small bet on its surprise. Even if it failed the drilling again, it won't hurt me much.
2. They might actually know the result being exceptional good but shark has offload most their position. So shark needs to get back in position and use negative news to push SP down. Since there are enough red flags, I won't expect that much but who knows.
RCR chart, page-565
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Last
3.4¢ |
Change
-0.002(5.56%) |
Mkt cap ! $9.903M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.6¢ | 3.4¢ | $100.8K | 2.923M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 324999 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 500000 | 3 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| RCR (ASX) Chart |