Take a look at the trading volumes from yesterday + today. That's almost 300m shares traded in 2 days. Then take a look at the price volume chart over the last 5 years. Where are all these cheap shares coming from? There has hardly been enough trading volumes at below current SP levels to justify this volume.
Either people are happily throwing money away making losing trades, or the investing world has lost its marbles and everyone suddenly thinks more than 500m of circa 2% Copper hits is "crap"?
There is another possibility of manipulation to suppress the SP at or below 2c, apparently at all cost. If this is really happening, it makes you wonder, what is their endgame? Why go through this trouble and likely making a loss in the process?
Ann: CLA hits 611.4m @ 1.39% copper and 0.75g/t gold at MCB, page-68
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.85M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $19.52K | 1.617M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 715668 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 1463820 | 6 |
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| Last trade - 15.58pm 18/10/2024 (20 minute delay) ? |
| CLA (ASX) Chart |