LRV 5.33% 39.5¢ larvotto resources limited

share price were in the 11-12.5c range but when Trafigura start...

  1. 10,390 Posts.
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    https://hotcopper.com.au/data/attachments/6408/6408225-92fa4ba7b4c3b8a21e7752cfea9660c1.jpg

    https://hotcopper.com.au/data/attachments/6408/6408231-32ee6ca515e3f66ea5bcdc97118de286.jpg

    share price were in the 11-12.5c range but when Trafigura start selling on 1/8 it went up to 14c+ without news
    the average price is 14c, sold 3.2m+ shares which is higher than the average daily volume
    then PFS released on 5/8

    https://hotcopper.com.au/data/attachments/6408/6408234-2b064e51a24f628c53844df706ca778d.jpg

    but the s/p didn't go up much, so they decide to continue the selling
    again, the price range was 11.5c-13.5c after the PFS released
    but when they sold again on 7/8 their average sell price was 14.5c
    higher than the range
    https://hotcopper.com.au/data/attachments/6408/6408241-a4acdabdb8f24c29434f547890a7652f.jpg

    so this shows that the price has been pushed up higher by the sub holder, and probably the buyer(s) were known to the seller too?
    if not, when the s/p is in a consolidated range, price and volume will not break above/below the range, unless someone know something is coming or has the intention to manipulating the price direction.

    after 7/8 they continue to sell for couple of days but the price still couldn't break higher
    then China announced export control news on 14/8 and the s/p still didn't move higher
    finally on 16/8, the s/p jumped up to 18c, so they stop selling, the company then announced
    this news to ASX to drive the price higher

    so without this news, I believe it will be capped below 15c
    https://hotcopper.com.au/data/attachments/6408/6408266-359a6f07fbc619f7fdb85d8db0f27804.jpg



 
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