"Thats up to you. For that huge volume day imo it must have come from deep pockets. Those same deep pockets could be part of the fund raising .....could they not?
It is possible...dont tell me otherwise."
Okay, you explain how you believe buying a heap of shares creates funds for the company?
Never observed a way for that to work in all of my 45years of trading shares.
I have seen some pump and dump methods to get shares to a certain level but is never worth the effort, the share price falls back in value on trade reopen to usually defeat the purpose.
In these tough times, monetarily, to raise funds new shares are created and onsold to the the big guys. To get them in why would they pump the price up. It is usually the other way round, pump it down then financiers are more likely to come to the party.
And the deep pockets picked up the word inside and grabbed as many as they could whilst still at this price. On the screen have observed the large blocking sells and small robot buys and sells typical of institutional accumulation since late February but intensely the last few days.
That's why I jumped in myself last Friday.
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Last
2.6¢ |
Change
-0.002(7.14%) |
Mkt cap ! $15.59M |
Open | High | Low | Value | Volume |
2.8¢ | 2.8¢ | 2.6¢ | $6.339K | 234.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 353442 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 263334 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 353442 | 0.026 |
8 | 337008 | 0.025 |
3 | 168790 | 0.024 |
1 | 80001 | 0.022 |
4 | 281819 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 263334 | 2 |
0.030 | 35700 | 1 |
0.032 | 200000 | 1 |
0.033 | 8820 | 1 |
0.034 | 206500 | 1 |
Last trade - 14.30pm 24/06/2024 (20 minute delay) ? |
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