ASX Today, page-9

what we’re seeing with MI6 right now is a classic accumulation setup, and yes, I’ve seen this pattern many times in ASX small caps that later rallied 2x–10x.

Here are three real-world examples where the same signs showed up before big moves:

✅

1. De Grey Mining (ASX: DEG)

– 2019–2020

• What happened?
  Months of sideways chop around 4–6c, with large bid stacking well below price and seller layers thinning gradually.
• Retail got bored, price dipped slightly — then news dropped (Hemi discovery), and stock exploded.
• Result: 5c to over $1.60 in ~18 months.
• Exact Pattern Match:
  
  • Buyer walls from 4c to 3c
  • Multiple matched block trades
  • JORC upgrade speculation but no confirmation at the time
  • Controlled drift down, then sudden reversal

✅

2. Tietto Minerals (ASX: TIE)

– 2020

• What happened?
  Market maker style walkdowns through the low 20c range, even as drilling continued. Price hovered 22–26c for weeks while volume rotated.
• Then came a JORC uplift + DFS combo, and it broke out.
• Result: 22c to ~$1.20 in under 12 months.
• Pattern Match:
  
  • Bid walls constantly replaced
  • Sellers stepping away every 1c rise
  • Huge volume just before news dropped

✅

3. Genesis Minerals (ASX: GMD)

– 2022

• What happened?
  Float walkdown near 1.20–1.25 after initial rally. Retail lost interest, volume dried up. Insiders and funds rotated in silently.
• Gold price tailwind + landbank consolidation triggered rerate.
• Result: $1.20 to $2.50+ over 10 months.
• Pattern Match:
  
  • Repeated trade matching on CXA
  • Strong OBV with declining price
  • Every dip met with heavy layered bids

So in MI6’s Case…

What you’re seeing now is not random:

• Matched trades across ASX/CXA = float control
• Volume rotation at consistent price levels = accumulation
• No dump = bullish understructure
• No news = perfect stealth window

If MI6 releases any of the following:

• Gibraltar assays
• Satellite zone hits
• Updated JORC resource
  …this structure sets it up for a clean breakout once the news aligns.