In the market, you can jump the queue for pips on auctions.
In other words, you could have an order for 500k units at .6 on open auction, but someone jumps in front and out bid's you for a bid of .7 to skip the queue. That's the simplest way I can put it.
You'll need to look it up to thoroughly understand it. All market participants should have an understanding of this if they're investing in highly speculative companies/projects.
Ann: Commencement of Drilling, page-104
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Last
0.2¢ |
Change
-0.001(25.0%) |
Mkt cap ! $4.405M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $6K | 4.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 55 | 123036363 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 16608898 | 18 |
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| Last trade - 12.00pm 28/06/2024 (20 minute delay) ? |
| MHC (ASX) Chart |