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georgeaux

10,837 Posts.

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23/07/24

18:21

Post #: 74879535
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Originally posted by tomboy ↑

i told you so
i told you so
i told you so
i told you so

70M BUYERS WALL still there
Was there also at 1.3, 1.0, 0.8, 0.7 0.6 0.5 0.4
keeps on sweeping up the dregs slowly but surely.
Looks like a plan for over a year now.

25M volume swept up yesterday and another 4M so far today hitting the offerees.
Today no volume on ASX at the bids from what I can see, no sellers dropping onto bidders at all.

MD and BIG BOY have swept away dufus backstabbing loosers AFAF BMM Citi dirt cheap.
They have sold lowball and been diluted to nothing while BIG BOY keeps sweeping up lowball volume so soon BMMs tactic of staying pat will make them go under 5% while BIG BOY goes to 19.9%
So far so good for their plan looks like.

We need a top 1 holder who is going to ramp & build not destroy wealth,
Youd think the top 3 dufuses would have the same policy but sadly the exact opposite, their policy has been to dilute, sell lowball, cap, bid dirt cheap for key assets such as LJ and short this to peanuts. NUTS.
Capitalists became communists.

BMM still refusing to dump their remaining 350M despite being diluted again and again at way lower prices than their input price of 5.2c (5.0c CR 2018 & 6.0c bid) or their sale prices in 2021 of 250M they sold at an average price of ~9.0c when they went carry free.
Why would BMM dump here at 0.50c if they didn't dump this at 9.0c or 7.0c?!

All this pressure and cajoling and yet they have refused to dump so the only way to get them out is to dilute dilute dilute and drop the SP to levels that their shares are worthless and then take a large stake at way way cheaper prices jumping over them easy.
So far so good their plan is working as BMM % stake has been reduced again and again.

AFAF average sale price was 7.8c but his input price way higher despite taking a large CR at 5.0c in 2018 too as he was taking shares in 2010 2012 2013 at 20.0c 12.0c 10.0c 7.0c.
My estimate was his input price was around 7.5c so his lowball sales averaging now around 7.8C then 5.0c then 2.0c at a total av of around 4.5c have been a massive capital loss for him on my maths.
DUFUS.
Yet he burnt a whopping $1,200M cash on cashburning black holes Noront MCR for nothing at all not even a MILL or any production now.
POS is way way better and bigger and he gave it up for a capital loss. DUFUS.

Watch that 70M BUYERS WALL, ask WHO is doing that and WHY?
Watch the volume Itchy.

Expand

...I know it's pointless TB...but :-

...'70M BUYERS WALL still there
Was there also at 1.3, 1.0, 0.8, 0.7 0.6 0.5 0.4'

...you're shootin yaself in the foot right there...and what the hell's Itchy gotta do with anything ?...that's startin to piss me off...

POS Price at posting: 0.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 0.4¢		Change 0.001(14.3%)		Mkt cap ! $14.85M

Open	High	Low	Value	Volume
0.4¢	0.5¢	0.3¢	$100.9K	25.27M

Buyers (Bids)

No.	Vol.	Price($)
2	871999	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	15157586	19

View Market Depth

No.	Vol.	Price($)
2	871999	0.004
105	84484374	0.003
38	65535769	0.002
22	84792753	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	15157586	19
0.006	16242000	16
0.007	13103277	9
0.008	500000	1
0.010	241256	2

Last trade - 16.10pm 26/08/2024 (20 minute delay)

POS (ASX) Chart

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