Nah, not someone getting out.
My thoughts are that this and other associated companies have a small, coordinated , majority held share base.
If you paid very little on average for all your shares and paper losses don't really hurt, all that's required is very small parcel buying to support share prices. When this adds up to a lot of real money and begins to hurt you might sell and down goes the share(s). You don't get hurt ever. You have a bunch of lovely speculative companies and can play this game a lot.
Have a look at the patterns .... been doing it a while and it works a treat.
Accumulation, page-11
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Last
58.5¢ |
Change
0.015(2.63%) |
Mkt cap ! $80.35M | |||
| Open | High | Low | Value | Volume |
| 56.0¢ | 58.5¢ | 56.0¢ | $1.284K | 2.268K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | 58.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 1000 | 1 |
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| Last trade - 15.34pm 11/10/2024 (20 minute delay) ? |
| SMN (ASX) Chart |