Ann: QLD Thermal Coal 6.6-18.7 Bt Exploration Tar, page-35

re: Ann: QLD Thermal Coal 6.6-18.7 Bt Explora... This is a very dodgy share atm. The bid keeps getting stacked to induce buyers to buy whatever is on the ask. As soon as the large bids appear to be close to getting hit, they are pulled. Occasionally, the bids are wiped.

What I suspect is happening is a cap raising by stealth. When the dumper sees a big bid that is not theirs, they sell into it. When the bids dry up, the dumper stacks the bid to induce more buy orders then sell into them. If the bids are genuine they wouldn't get pulled so quickly.

Saw the same action when it was in the 6c range. Couldn't stomach this behaviour and sold but should have held on for the coal resource announcement.