CHN 1.55% $1.31 chalice mining limited

Other stuff, page-39

  1. 345 Posts.
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    For those who are asking about what happened in the closing moments of today, it was so bizarre, I took a few screenshots:

    The price had been sitting above $4.96 for a few hours, then began to plumment suddenly in the last 30 minutes, so I glanced across to the orders and noticed this significant dumping of over 2 million shares at only $4.35, with the buy orders for $5.26 landing at the same time, ensuring that nobody else could pick them up at the cheaper prices, unless they were quick to outbid them:

    https://hotcopper.com.au/data/attachments/3018/3018774-456fb9aa99e6ddb53b146eb4a5822880.jpg

    And the nett effect was;

    https://hotcopper.com.au/data/attachments/3018/3018792-0ee73bb5521f9e83a20d8a536d18ae7e.jpg

    According to the list of commsec codes, XT means :
    A cross trade that occurs when a broker executes an order to buy and sell the same security at the same time, in which both the buyer and seller are clients of the broker.

    And SX = a Special Portfolio Crossing, whatever that means.

    But either way, it happened several hours after BP announced they were upgrading their price target for CHN to $6.35 (at 3:10 in this announcement... the link didn't work properly in my last post above, doh! So here it is, trying again):


    DYOR & GLTAH


 
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