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16.7%

0.4¢ mrg metals limited

buyers queueing and stacking, page-53

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MandB

2,092 Posts.

103

23/11/16

21:23

Post #: 20837645
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Originally posted by yifuj ↑

A few months back I mentioned to straws that the long churning process was designed to allow large holders to accumulate a position and to strip out the loose holders out of the share registry by severely testing their patience.

What happened today was the consequence of all those impatient, loose supply drying out. For those claiming that this was a move without catalysts, I think you will find that most of the rerating of explorers comes during the drilling stage, as holders and traders accumulate in anticipation of drilling results. Unless the actual drill results are spectacular, it almost always leads to a sell off on the release of the actual results. Hence the old addage buy the rumour, sell the news.

My target for this one is still 3c before news, what happens after will depend entirely on the drill bit, but I will probably derisk a little beforehand.

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Its called a market, actions driven by emotions
welcome to the jungle

MRQ Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.4¢		Change 0.001(16.7%)		Mkt cap ! $9.490M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$350	100K

Buyers (Bids)

No.	Vol.	Price($)
33	19592671	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	22102270	13

View Market Depth

No.	Vol.	Price($)
32	19192671	0.003
18	16199976	0.002
28	41484106	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	22102270	13
0.005	22143654	15
0.006	11188313	12
0.007	6184000	9
0.008	5188095	6

Last trade - 15.41pm 14/10/2024 (20 minute delay)

MRQ (ASX) Chart

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