DNK 0.00% 31.7¢ danakali limited

Ann: Director Appointment & Appendix 3X, page-11

  1. 7,551 Posts.
    lightbulb Created with Sketch. 1776
    If the SP is getting knocked around by parcels of 4, 5 and 7 shares, what does that tell you? There are no buyers. In a market with more driven buyers, these trades would go unnoticed but because buyers are holding off (or all interested parties are stacked) and sellers are largely absent, these bot trades capture people’s attention. Don’t forget that we have some very large instos on the register that may move small sums around throughout a month to satisfy some requirement ( could be a million reasons).

    So the simple fact that we have bots active in DNK doesn’t necessarily mean we have manipulation.

    Anyway, even if a TO was coming down the pipe, the SP would’ve moved closer to $2 - not 70c. They wouldnt waste their time trying to keep us within a few pips of this range.

    Now’s the time to accumulate. Use the bots to your advantage.
 
watchlist Created with Sketch. Add DNK (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.