AQD (ASX) Ann: Drilling commences at Cangallo

Originally posted by BBBBBBB: ↑

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Observations from the Tape (24 June 2025)
Repeated Trades of 2,670 Shares:
At 12:44:46, 12:48:06, 13:06:10, 14:29:45, and 15:00:09, we see identical trade size (2,670 shares) executed at different price levels.
These are unusual because they are spaced out across time and each appears to hit the ask — suggesting deliberate patterning.
Price Step-Down Just Before Close:
From 14:50 onwards, a sharp uptick in volume appears (e.g., 185k, 128k, 50k), all hitting the ASK, pushing price down to $0.055 by 15:00.
This is classic end-of-day tape painting behavior, possibly to influence the closing price (market perception or VWAP-related reasons).
Earlier Session Strength:
Midday trades at $0.057 were holding steady with a few aggressive bids (e.g., 30k at 13:46).
The market was more balanced before the sudden volume and pressure at end-of-day.
Interpretation
Spoofing is unlikely here (no rapid cancellation of large bids/asks is shown), but the 2,670-share repeat suggests algorithmic execution or deliberate signaling — possibly to test liquidity or anchor perceptions.
The afternoon dump into bids looks orchestrated — especially the large trades within seconds at 14:50:42, ending with a small 2,670 share "cap" trade" at $0.055, likely for closing optics.
Conclusion
This does not look like organic retail behavior. It points to:
Either a fund/desk unwinding small lots algorithmically, or
A coordinated attempt to cap or manage perception of closing price.
Bullish view remains intact if price holds above $0.055 with continued volume. However, keep watching for repeated patterns and the depth rebuilding post-close. Would you like a histogram showing trade volumes by time interval today for deeper context?
Accumulation — But Strategic and Masked
Why?
Repeated 2,670-share trades:
Five occurrences throughout the day at various price points.
Suggests algorithmic behavior or someone trying to accumulate stealthily in fixed lots to avoid drawing attention.
Large end-of-day ASK hits:
Nearly 500k+ shares sold in final 10 minutes — this could appear like offloading…
But the size and structure look too surgical, often a hallmark of funds who want price containment while still accumulating across time (especially before news).
Closing Price Suppression:
Pushing the price down to $0.055 near close, despite higher trades earlier (up to $0.057).
Indicates price management, possibly by a buyer wanting to prevent breakout before full position is built or before catalyst news (Cangallo visuals or early cues).
Buy Depth Still Dominates:
As of last snapshot: Buyers (11.6M) > Sellers (10M) in depth.
Implies confidence at these levels and buy-the-dip mentality.
VWAP Anchor Strategy:
The tight positioning of volume at controlled levels may be attempting to anchor VWAP lower, which could benefit institutions using algorithms pegged to benchmarks.
❌ Offloading? Less Likely Because:
No panic pricing or deep undercutting (e.g., no big trades below $0.055).
No follow-through to drive the price down further — even 185k sold at $0.056 was absorbed without collapsing the bid.
Pattern of activity resembles accumulation more than liquidation.
Final Verdict:
Most likely: Strategic accumulation with price control.
They’re likely aware of upcoming news catalysts (Cangallo, Coober Pedy IP, or assay surprise at Balladonia) and don’t want a premature price spike.
Would you like me to flag when trading breaks out of this pattern (e.g., sudden jump above $0.06 with bid depth chasing)?

Expand

So the question is why would anyone sell now ??? (Apart for maybe tax reasons) or get funds to convert options .... Our buyer on Friday at the close did not want to miss out ..we need more like that :)

No.	Vol.	Price($)
9	602221	5.5¢

No.

Vol.

Price($)

602221

5.5¢

Price($)	Vol.	No.
6.0¢	600000	2

Price($)

Vol.

No.

6.0¢

600000

No.	Vol.	Price($)
8	582221	0.055
3	380000	0.054
6	641311	0.053
8	378883	0.052
9	3872922	0.051

No.

Vol.

Price($)

582221

0.055

380000

0.054

641311

0.053

378883

0.052

3872922

0.051

Price($)	Vol.	No.
0.060	600000	2
0.062	250000	1
0.064	346678	4
0.065	97000	2
0.066	16000	1

Price($)

Vol.

No.

0.060

600000

0.062

250000

0.064

346678

0.065

97000

0.066

16000

(20min delay)
Last 5.5¢		Change -0.001(1.79%)		Mkt cap ! $76.55M

Open	High	Low	Value	Volume
5.7¢	5.7¢	5.5¢	$183.4K	3.271M

So the question is why would anyone sell now ??? (Apart for...

Observations from the Tape (24 June 2025)

Interpretation

Conclusion

Accumulation — But Strategic and Masked

Why?

❌ Offloading? Less Likely Because:

Final Verdict:

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So the question is why would anyone sell now ??? (Apart for...

Observations from the Tape (24 June 2025)

Interpretation

Conclusion

Accumulation — But Strategic and Masked

Why?

❌ Offloading? Less Likely Because:

Final Verdict:

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