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3.7¢ podium minerals limited

10c Party, page-29

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Antipater_100

7,740 Posts.

1452

25/11/22

12:47

Post #: 64987754
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Originally posted by TinyBoat: ↑

I don't thinks this is fundamentals, or traders, and certainly not shorts. Sometimes someone who holds a fair few shares just wants to sell out, for reasons completely unrelated to the prospects of the company. Maybe they need to raise cash quickly.

In a thinly traded company like POD, it can be very difficult to sell that number of shares without hammering the SP. They need to dribble their shares out over time. The more they need to sell, the longer it takes.

Pretty strong indications this is happening here. They stack the buy side just below what their lower limit sale price, to encourage punters to think the price is ready to break up. They let the buy orders build up and then dump their shares. Initially their lower limit was 12c, now 11c. This will artificially hold the SP down until they are done.

If that is happening now, good time to buy!

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I am thinking along same lines but been wrong in the past.

for what it's worth it seems the seller was done yesterday and we saw shar turnaround. the bid is still on today.

POD Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.7¢		Change -0.001(2.63%)		Mkt cap ! $16.82M

Open	High	Low	Value	Volume
3.8¢	4.0¢	3.5¢	$10.26K	268.5K

Buyers (Bids)

No.	Vol.	Price($)
3	76600	3.7¢

Sellers (Offers)

Price($)	Vol.	No.
3.8¢	76000	1

View Market Depth

No.	Vol.	Price($)
3	76600	0.037
1	161111	0.036
2	60250	0.035
2	146358	0.034
1	30000	0.033

Price($)	Vol.	No.
0.038	76000	1
0.040	255000	2
0.044	11000	1
0.045	20000	1
0.050	22927	3

Last trade - 16.10pm 10/07/2024 (20 minute delay)

POD (ASX) Chart

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