Is that 3,000,000 shares bid serious?

  1. 781 Posts.
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    A single bid for 3,000,000 shares has been sitting in the market for over a week now. It's been sitting at the top of the market depth on the buyers side but still hasn't been sold into. I notice that they keep moving the bid to the back of the queue or moving it down a price point when it gets close to the front of the queue.

    Is this bidder serious? If it's one of you lot, what's going on? What's your strategy?

    The bid seems to have a lot of conviction and no conviction at the same time.

 
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(20min delay)
Last
9.7¢
Change
0.000(0.00%)
Mkt cap ! $250.3M
Open High Low Value Volume
9.6¢ 9.8¢ 9.4¢ $456.6K 4.761M

Buyers (Bids)

No. Vol. Price($)
15 385400 9.6¢
 

Sellers (Offers)

Price($) Vol. No.
9.7¢ 5065 3
View Market Depth
Last trade - 12.43pm 30/06/2025 (20 minute delay) ?
INR (ASX) Chart
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