This looks to me (as JT has correctly identified) as a big on-market buyer he was chomping away at anything offered 30c-31.5c but then the sells stopped.
Now he is getting a little impatient and has gobbled up 32c we will see if sellers keep feeding him at these levels or if they step back a little how far he is willing to chase the stock.
If this is truly the genesis of some new JV type deal (or similar) I would expect the stock to be chased up a long way from these levels as our magnetite resource is still valued at close to 0 even at 30c per share.
.
chart looking good, page-17
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Last
27.0¢ |
Change
-0.005(1.82%) |
Mkt cap ! $194.5M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 27.8¢ | 26.0¢ | $479.6K | 1.785M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 124500 | 2 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| FEX (ASX) Chart |