I'm sure you already knew the answer to that and no I wasn't talking about the ones going through but the 1M+ orders placed at 18.5c and under to prop the price.
Just think about it, if you really wanted to buy LYC at 18.5c and is currently trading at 19.5-20c would you place your 1M+ orders on queue or wait for the price to come to you ?
Unless its amateur hour any large buyer or fund trying to get in would use a bot to place hundreds of smaller orders rather then a few large orders.
To me it looks more like they are trying to offload the 133M as gently as possible and likely because they plan to do at least one more conversion if not two before the consolidation. Not long to go now so I guess we'll see.
todays chart, page-1396
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Last
$6.40 |
Change
0.000(0.00%) |
Mkt cap ! $5.982B | |||
| Open | High | Low | Value | Volume |
| $6.47 | $6.48 | $6.34 | $20.28M | 3.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12848 | $6.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.40 | 17965 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |