For something in demand (eg spod), gaining a reputation as a seller who may not take the next shipment through to auction by instead accepting pre-auction bids can cause the bidders to have to stump up a knock out “bid” prior to an actual auction. Not unusual tactic and very effective in this sort of market.
PLS know their market well - the true “value” of the BMX is not the auctioning, it’s the data of who is willing to bid what for how much and when…
“Show me the ships!”
Ann: BMX pre-auction bid, page-62
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Last
$3.04 |
Change
0.100(3.40%) |
Mkt cap ! $8.954B | |||
| Open | High | Low | Value | Volume |
| $3.01 | $3.04 | $2.96 | $29.45M | 9.813M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 45 | 343836 | $3.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.04 | 503047 | 48 |
View Market Depth
| Last trade - 12.54pm 11/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |