Ann: QLD Thermal Coal 6.6-18.7 Bt Exploration Tar, page-43

re: Ann: QLD Thermal Coal 6.6-18.7 Bt Explora... 8.3c was pulled and 8.1c hit.

Suntan

I don't know for sure but I suspect this is cap raising by stealth. A broker keeps supporting the share price by fake prop bids which get pulled if the broker thinks they will be hit. In the mean time the broker puts sell orders above waiting for unsuspecting buyers to take the bait and buy. Yesterday there were bids of nearly a million at 8.9c during the closing single price auction which disappeared overnight. I wouldn't be surprised to see a cap raising at 7c or better, what with all the on-market selling taking place.

Also need to bear in mind this has doubled in value in less than a few weeks so there will be profit-takers. But simply egging on unsuspecting buyers by creating a false sense of security with fake bid props is crude, cruel and cut throat.

They might run this up back into close.