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59.5¢ alkane resources limited

Buffettology! Buy 1 Dollar value for a price of 50 cents!

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Germane1

209 Posts.

37

21/06/22

12:05

Post #: 62110809
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Originally posted by NikolaL: ↑

for a big player to buy large parcel at short notice they know there is desperate seller and they will drive hard bargain. The seller knows if they try to dump such volume on the market they will end up selling lower than the agreed price.
So such buyers wants to ensure they will pay a price the seller will be forced to agree to while at same time it will be a price well below fair value of the company.
In such scenario the buyer knows share price will recover in time and they will make lot of money.
In short the buyer is not interested to pay fair value but lowest price the forced seller will agree to accept.
Now we assume here it is transaction between two parties and there is a margin call or other liquidity issue.

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Buffettology! Buy 1 Dollar value for a price of 50 cents!

ALK Price at posting: 76.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 59.5¢		Change 0.005(0.85%)		Mkt cap ! $362.0M

Open	High	Low	Value	Volume
60.0¢	61.5¢	59.0¢	$357.7K	596.0K

Buyers (Bids)

No.	Vol.	Price($)
16	81061	59.0¢

Sellers (Offers)

Price($)	Vol.	No.
59.5¢	4030	6

View Market Depth

No.	Vol.	Price($)
2	9716	0.595
15	79111	0.590
9	147389	0.585
6	144753	0.580
6	103771	0.575

Price($)	Vol.	No.
0.600	87663	26
0.605	23895	7
0.610	29943	7
0.615	45755	4
0.620	17731	2

Last trade - 13.59pm 02/05/2024 (20 minute delay)


Last 59.5¢			Change 0.005 ( 0.83 %)
Open	High		Low	Volume
59.5¢	61.5¢		59.0¢	136857
Last updated 14.19pm 02/05/2024 ?

ALK (ASX) Chart