My theory is from what I see the big buyers of ICG have been retail buyers and we have basically smashed the insto's, I think their plan was sell through the retail investors support and buy it back up cheap before the drill permit, that plan has been a total fail, there has been no panic while we wait for the permit.
As far as I can tell from broker data the two major sellers have exhausted their supply, it's not commsec buyers running the bot program, so one of these institutions is likely going to try to push the share price down, so they can re accumulate probably they want to get .009 to 1 cent.
Will they be successful I don't think so, ICG holders can see what they have got I think the retail holders here will be very hard panic, this is good news for us once the permit comes, no patersons to hold us back.
Zinc price, page-5
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.242M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 499999 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 2345385 | 5 |
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| Last trade - 16.12pm 09/08/2024 (20 minute delay) ? |
| ICG (ASX) Chart |
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