GBZ 9.09% 1.0¢ gbm resources limited

mexican standoff, page-5

  1. 112 Posts.
    Hi Wobbly,

    I hope SVH have sold out and would love to see another top 20. For someone with a heap to spare is selling this week and happy to do so mid .09s.. It looks like the same seller at .094, .095, and .097 to me. They are predictable and have a technique.

    The question is: Why they would sell so low when nobody else is really happy to sell anything decent below .12?

    If they were a savvy trader they could have had this ticking over between .12 and .13 by now, easy. They should just pull their sell orders for a couple of weeks and then see where we are.

    The only reasonable explanations I can see are:

    1. SVH is actually a start up company, maybe run by someone close to the company. And, they need the cash, both for second round drilling and running costs.

    2. Someone on the Top 20 is manipulating the sp down for a nice cheap takeover sometime in the next year.

    3. This is being capped and brought down in order to maximize the % gain when results are released at the end of the month. The last spike in December was a %100 gain in one days trading, they might be trying to get this again in order to grab the market's attention by the collar.

    Anyhow that is my thoughts and I would appreciate anyone else's? I was kinda banking on .14 by now. This company has great ground, great results, a recent cap raise at .12 and funding through the rest of the year.




 
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Last
1.0¢
Change
-0.001(9.09%)
Mkt cap ! $10.41M
Open High Low Value Volume
1.1¢ 1.1¢ 0.9¢ $16.90K 1.723M

Buyers (Bids)

No. Vol. Price($)
4 906805 0.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 267757 2
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Last trade - 11.37am 12/07/2024 (20 minute delay) ?
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