Ann: Minbos launches P4 concept study, page-474

Someone is quietly accumulating at 8c over the last few days. They are in no rush but happy to absorb what’s on offer at 8c.

Although the total Asks (3.1m) outnumbers the total Bids (1.8m) when you look to within 0.3c of the price action the Bids out number the Asks 727k vs 210k. The sell side has been loaded up outside the trading range to make it look like sells outnumber the number of buyers.

Being so illiquid, it is hard to accumulate a meaningful number of shares without pushing the price up. This Buyer(s) seems to have lots of patience.