To be fair, it is a perfectly viable scenario.
Whilst it was a big day, it was only about $1.8m traded in that day.... about 2.5x the volume of some days since the last announcement. It was only 18% of the volume of our initial announcement early this month.
Whilst none of us really know, I think that the speculation of FOMO is just as viable as scenario as a leaky ship.... people think they know what's coming. You see volume coming in at lunch time and know you wanted more in here, then you buy. If you've enough people that wanted in, this is what you might see. If there were only 100 people wanting more - and look at the Likes on these announcements and you'll see there's about 100 people just on HotCopper, the $1.8m changing hands on Friday is only $18k/head.
As I say, I'm not saying this IS what happened, just saying that calling BS on it is, IMO, unfair. I've seen it play out before elsewhere just like this
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Last
4.7¢ |
Change
-0.002(4.08%) |
Mkt cap ! $28.56M |
Open | High | Low | Value | Volume |
4.7¢ | 4.7¢ | 4.7¢ | $1.153K | 24.52K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 65000 | 4.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 200000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 65000 | 0.048 |
1 | 38474 | 0.047 |
2 | 152368 | 0.046 |
1 | 42000 | 0.045 |
1 | 100000 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 200000 | 1 |
0.051 | 40000 | 1 |
0.052 | 245700 | 2 |
0.053 | 230000 | 1 |
0.056 | 109092 | 1 |
Last trade - 11.40am 12/08/2024 (20 minute delay) ? |
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GBR (ASX) Chart |