Interesting...this is my 1st T/O situation.
The reasons I can see for volume buying/selling are:
1) RMS - are accumulating more at a discounted rate compared to the $0.15c offer rate.
2) Competitor - Accumulating to purchase more RMS shares at a discount (need to see if who the institutional buyers are)
3) Competitive Bidder - accumulate at a discounted rate before the make a counter offer
In all 3 scenarios it is within the parties interest to drive the price down so as long as there are sellers someone with deep pockets.
For smaller retail buyers, it's a simple 10%-15% discount with minimal risks as long as they don't mind being part of RMS.
@McHale Thanks for your clarifying my question yesterday. For some reason HC wouldn't let me post a reply.
20 cents, page-16
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Last
1.0¢ |
Change
0.002(25.0%) |
Mkt cap ! $43.24M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 1.0¢ | 0.9¢ | $13.76K | 1.418M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2031201 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 1398517 | 6 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| SPX (ASX) Chart |