What is a big boy ?
Sorry you just have no proof of this, until it becomes fact. All you are doing is speculating this, which on the other hand also appears to be down ramping.
While you may well be correct. You actually do not know this for a fact.
Smarties got in at 0.008. That price has been and gone with news imminent as per the companies most recent announcement.
Unless you managed to snag some at 0.008 its pretty reasonable to assume that for the foreseeable future 0.009 is going to be the best price you might be able to get this stock at baring some silly event, or drilling has been postponed etc.. Therefor people are in the queue at what they perceive now to be there fair value. Looking through the stack order by order i can see there are couple of large 8 mil unit orders.. The rest look so so... 8 mil units @ 0.009 is only $72k hardly anything to write home about.
I think it has been pointed out enough times that with there Graphite drill program ahead, not to mention a jorc for there Cobalt, also gold and lithium!. The market cap @ $7 mil is very cheap and can certainly command higher alone just on the cobalt resource itself.
Before the placement this stock was trading at 1 cent and above ( for the most part )
After the placement was announced it dropped down to 0.008.
Since this time the stock has churned through roughly..
0.008 : 25 mil units ( weak hands, given uncertainty around the world at the time due to world events + usual placement sell off fears )
0.009 : 70 mil units ( massive soak, now providing the platform )
0.01 : 76 mil units ( another massive soak, now providing a platform for the next level )
Even if some of those perceived "props" do get pulled at 0.009 the selling here will negligible and will get mopped up immediately.
1 cent is back to where it was before the placement after churning through 95 mil units below 1 cent.
Anyways after all this, i hope you are right, so we can all buy more at 0.009. For now there is hardly any supply in the auction which tells me no one is actually that keen to sell. However the pros will happily mess with retail trying to jump the queue and clean up whatever they can at 0.009 because they are faster than you
Broker data for Tuesdays action will be very interesting. Guess we will need to wait til next week for that.
I predict another low volume day tomorrow, while we wait for the news of drilling being commenced.
Have fun with your theories oh and feel free to sell me your shares, im near the top of the queue.. sort of
