No.
There is an agenda at play - and that is GG wants all the pie.
Especially the easiest to grab - retail holders.
I'd suggest it is a hostile takeover.
It's loud and aggressive.
I saw todays play in another stock - aggressive buying to pump it up ($1.20 today), stop, and slowly sink the price, which is happening right now (currently 3c down on the day from 11c UP!)
There will be another aggressive buy / pump and when that happens, a few more retail will happily take the new high that is set during that.
Creating uncertainty makes a hostile takeover easier.
If SI and other top 20 holders are against a takeover, they need to make it known as GG is setting the rules of the game right now.
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Last
$1.14 |
Change
-0.015(1.30%) |
Mkt cap ! $1.295B |
Open | High | Low | Value | Volume |
$1.15 | $1.15 | $1.11 | $4.270M | 3.766M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 79284 | $1.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.14 | 67948 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 87604 | 1.135 |
16 | 218714 | 1.130 |
19 | 253819 | 1.125 |
15 | 261392 | 1.120 |
13 | 161956 | 1.115 |
Price($) | Vol. | No. |
---|---|---|
1.140 | 87806 | 17 |
1.145 | 80821 | 15 |
1.150 | 126689 | 15 |
1.155 | 159596 | 9 |
1.160 | 13551 | 3 |
Last trade - 12.04pm 26/07/2024 (20 minute delay) ? |
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