Fair comment retrac I alluded to seventhseal’s reference regarding The Balkan Mining Co and their possible co-operation naturally this could all be circumspect although it would seem strange given all the pointers .
With the number of shares loaned out (328,000) it would be very difficult to take on what is effectively a preloaded algorythm that is not my intention it is more to find out who the operator/shorter is as this will allow me to guess where the price might end up. I did not mention London trading in my previous post the price trades within a range over there £1.20-£1.32 what is intriguing is the daily volumes for example on the 25th Feb there was 48,000 sold 37,000 bought yet 95,000 traded so the mm’s must be declaring the difference as an U/T or a deferred trade this happens daily . I will a dealer friend in the London tonight to take a view on it.
PC needs a Corporate Cornerstone Investor I feel as there will always be weak hands when a derisory offer is sprung. Totally agree that it is essential to resist anything under $4 certainly our fund will not be selling.I don’t expect the shorter will have to throw to much at the price today as the market will do much of the work given they are heavily down.
All in my opinion of course other than the figures.
GLTAH
HP
Fair comment retrac I alluded to seventhseal’s reference...
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Last
$4.51 |
Change
-0.130(2.80%) |
Mkt cap ! $1.161B | |||
| Open | High | Low | Value | Volume |
| $4.64 | $4.64 | $4.42 | $4.404M | 968.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 880 | $4.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.54 | 360 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$4.51 |
Change
-0.130 ( 1.71 %) |
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| Open | High | Low | Volume | ||
| $4.62 | $4.62 | $4.43 | 209658 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| ADT (ASX) Chart |