Agreed. The term 'confidence' is key in your post. Too much more of this and you cannot blame investors for straying to the opposition, like MNS et al. Not my plan, but we need the Short-term traders to keep the SP buoyant and maintain momentum. Not a problem for the smart KNL'ers who loaded up at 5 cents, but for the rest of the johnny-come-latelies (like me), this suppression is gutting confidence. You can see it in the volume.
SP Suppression, page-4
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Last
11.5¢ |
Change
-0.010(8.00%) |
Mkt cap ! $52.21M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 11.5¢ | $56.60K | 471.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 37983 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 10500 | 1 |
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| Last trade - 15.54pm 12/07/2024 (20 minute delay) ? |
| EGR (ASX) Chart |