RXM 0.00% 46.0¢ rex minerals limited

northcape capital, page-22

  1. 204 Posts.
    Peegs,

    I was there too!

    Today's 14% jump with larger volume than usual is only attributed to two buys/sells. One was at 11.29am worth $53,636.70. The other was at 01.43pm for $400K. Both were crossedly traded in entirety. The buyers did not pick up any single share from a small traders/investors. Given that the RXM's market depth is very weak with big gaps, one can easily pushes up/down the price then "transfers" a large chunk to another at a single trade right at the gap (i.e. no buyer/seller at that price). Another point is they were traded off-the-screen. Arragements between instos before the split is what I beleive. DYOR.
 
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