Don't think so. It was sparked by a bidding up of 1.5 million shares and the the need to cap the price rise. The shorts have increased by 829,424 in the last 4 days purely to cap the price. They hope to buy back cheaply and make a ton of money. I am afraid lies are part of the fraud.
https://stocktrack.com.au/asx/kcn/shorts
Ann: Sydney Mining Club Presentation, page-49
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Last
$1.67 |
Change
0.005(0.30%) |
Mkt cap ! $430.4M | |||
| Open | High | Low | Value | Volume |
| $1.70 | $1.70 | $1.64 | $2.471M | 1.483M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3285 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.67 | 53099 | 3 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| KCN (ASX) Chart |