KCN 5.39% $1.58 kingsgate consolidated limited.

1/27/2022BUY1347369096909-13112910300578DUMP1507050487,39332%$1.9...

  1. 1,580 Posts.
    lightbulb Created with Sketch. 994
    smile.png
    11/27/2022BUY1347369096909-13112910300578DUMP1507050487,39332%.95
    21/27/2022BUY263791142000142000





    $1.86
    31/27/2022BUY211941084110841





    $1.95
    41/27/2022BUY333811838218382





    $1.82
    51/27/2022SELL-21473-11341-11341





    $1.89
    61/27/2022SELL-20155-10846-10846





    $1.86
    71/27/2022SELL-511122-270000-270000





    $1.89
    81/27/2022SELL-31068-17074-17074





    $1.81
    All I am doing is showing facts.
    Here is how the main trendline was broken.

    The stats for the two dates
    https://hotcopper.com.au/data/attachments/6152/6152529-d76dafc004f76ba489d8e93805c3f9ab.jpg
    https://hotcopper.com.au/data/attachments/6152/6152615-2d7bcf80a13c39588307e5936bbe9e65.jpg


    Here are the rising trendlines for the two dates
    https://hotcopper.com.au/data/attachments/6152/6152567-35d0a45c46385bcd26438bfde49c8f20.jpg

    27th January 2022 O 1.955 H 1.975 L 1.765 C 1.815 Buy orders at 1.95 draw the top of a big red candle. The sell order at $1.81 was the bottom
    Main rising trend line broken. BOA/ML had 10,300,578 shares at the time.

    11th February 2022 O 1.645 H 1.645 L 1.41 C 1.485 Missed the open by 4.5 cents but got close. I think if you sell 900,000 shares at once it will be enough to break the short term trend.

    Buy low sell high???
    No.
    They were trying to do this for weeks beforehand.
    First the exhausted the market (controlling 70% of the trades) and then dumped 428,604 shares the next day....It didn't work. The share price went up 12 cents. They had to take the price higher so they did.
    1/7/2022BUY5481297129711491137,860,353
    249,536167,03970%
    11/7/2022BUY276900151036151036





    21/7/2022BUY734540694069





    31/7/2022SELL-16472-8963-8963





    41/10/2022SELL-27946-15044-15044-2173197,643,034PUMP/DUMP1,516,232639,88942%
    51/10/2022BUY354063185724185724

    FAILS


    61/10/2022BUY424392357723577





    71/10/2022SELL-740657-389991-389991





    81/10/2022BUY372419841984





    91/10/2022SELL-44669-23569-23569






    No news flow - you mean this:

    Jan 19 (Reuters) - Kingsgate Consolidated Ltd (KCN) :

    • LICENCES NOW APPROVED FOR CHATREE GOLD MINE RE-START-KCN.AXo
    This in the Quarterly on the 31-1-22
    THAILAND
    Kingsgate has received the Metallurgical Processing Licence (“MPL”) 1/2551 commencing 19 January 2022,
    in force for 5 years until 18 January 2027 (the maximum period permitted under Thai law).
    In addition, 4 remaining mining leases (“MLs”), 26910/15365, 26911/15366, 26912/15367 and
    25528/14714, required to operate the Chatree Gold Mine were approved in January 2022. These leases
    comprise 3 Chatree South leases and the Quartz Lease which has been pending approval since 2011 and is
    needed to fully optimise the A Pit.
    Each ML is in force for a period of 10 years commencing 30 December 2021. The receipt of the MPL and
    these 4 MLs means that it is now possible for the Chatree Gold Mine to restart.
    Kingsgate is pleased to confirm that, following the approval of the MPL and the 4 MLs, the Thai Government
    has welcomed the Company back to Thailand, and agreed that the Chatree Gold Mine will reopen.

    I agree you would need trade data to get the individuals, but not the company IMHO. The forms and the charts speak for themselves.

    I have explained how the algos can control prices previously to you posting the law and the cases. I have to agree with your compatriot here:
    "Aside from the consequences that a lack of risk management can have on the market, algorithmic trading has become a popular tool for market manipulation as the sheer number of trades an algorithm can execute has immense power to distort and deceive a market.[6]High frequency trades are perfect tools for manipulation methods such as spoofing and layering, in which manipulators “place and cancel orders to deceive others into buying or selling stocks at artificial prices” by instantaneously executing and cancelling orders to reach their desired goal."
    https://journals.library.columbia.edu/index.php/CBLR/announcement/view/570

    Don't worry about ASIC. Jo Longo won't do anything.

    My fellow investors can make up their own mind. At least now they are better informed.
    Last edited by fitzroy5: 07/05/24
 
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Last
$1.58
Change
-0.090(5.39%)
Mkt cap ! $411.1M
Open High Low Value Volume
$1.65 $1.65 $1.58 $344.4K 215.3K

Buyers (Bids)

No. Vol. Price($)
9 30210 $1.58
 

Sellers (Offers)

Price($) Vol. No.
$1.59 2900 6
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Last trade - 14.08pm 24/06/2024 (20 minute delay) ?
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