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5.2¢ black canyon limited

Ann: Updated Mineral Resource Estimate Presentation, page-14

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WinkyDinky16

2,276 Posts.

77

16/01/24

11:55

Post #: 71900287
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Originally posted by tepidcopper: ↑

I complained to Brendan Cummins late last year about fake trades in BCA shares and he checked. Some of my suspicions seemed to be unfounded; some were justified. The dodgy pattern subsided for a while, but yesterday there were only two trades, the second almost immediately after the first; both cross trades (i. e. executed by a broker representing both buyer and seller) and at prices of $0.11 and $0.105 when the lowest seller's offer was $0.135. These trades lowered the share price by 22%: dropping the EV of the company by more than $2 million.

When I have raised activity like this before with the ASX, they have told me that misconduct in trading is none of their business and referred me to ASIC, ASIC has proved completely useless. I now intend to write to the Minister, but don't expect that's going to get me anywhere either. The only defence seems to be genuine buying at a realistic price, but there is so little trade in BCA shares that the stock is extremely vulnerable to such clearly illegitimate sales.

Ideas anyone?

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lol I sold 50,000 shares yesterday y'all need to relax bro, sometimes you can only buy/sell at a certain price hence why it drags down SP...

BCA Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 5.2¢		Change 0.000(0.00%)		Mkt cap ! $4.251M

Open	High	Low	Value	Volume
5.2¢	5.2¢	5.2¢	$2.009K	38.63K

Buyers (Bids)

No.	Vol.	Price($)
2	260000	5.1¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	13241	1

View Market Depth

No.	Vol.	Price($)
2	260000	0.051
1	8354	0.048
1	22749	0.043
1	100000	0.042
1	25666	0.039

Price($)	Vol.	No.
0.055	13241	1
0.056	110169	1
0.058	83670	1
0.062	40299	1
0.065	44370	1

Last trade - 11.58am 18/09/2024 (20 minute delay)

BCA (ASX) Chart