Ann: Drilling set to commence at Cangallo, page-50

  1. 84 Posts.
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    I reluctantly had to offload a couple today, purely cause I’ve overcommitted to much towards this and left myself battling some significant cash flow issues this month.
    I noted strange fluctuations with buyers/sellers orders when I sold. Sort of what that rebel person said.
    I couldn’t be certain but it did seem a little out of the usual. I wouldn’t know what the reasoning behind it was.
    i suppose if you had a very strong holding, and you are managing multiple accounts, theoretically it could be possible to create a favourable price for buying/selling.
    In theory, if you were trying to sell a large holding, you could keep propping up buying orders to force other buyers to up their purchase price to jump the queue. When it gets a little upwards swing, you could even buy up shares and remove sell orders, whilst adding to the buying depth. When the SP rallies 20%, you could start to increase selling, then quickly take a large dump, maximising the return. And if you’re trying to accumulate a large position you could potentially do a similar play just slightly adjusted to keeping the price lower.
    If this is an actual thing or not, I wouldn’t have a clue, it does seem plausible. The other question, if it is possible, is it ethical/not fair play. Well IMO I think it would be reasonable for a large trade by a single entity, to be done in such away that doesn’t cause a significant movement in the SP. Imagine if I wanted to sell/buy say 50,000,000 shares, if I dump that order in one go, the SP would probably swing wildly. Once my order is done, there’d be a cascading effect.
    So maybe some ppl are in a position that warrants more strategy in opening and closing positions. If that means a period of share churning to not significantly impact the share price, the really, that’s fair play. But that’s my opinion, wouldn’t have a clue about legality of it. Seems like it’d probably fall into a grey area of law cause there’s a bit of an argument for/against it.
    Last edited by Antrebilicle: 27/05/25
 
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(20min delay)
Last
5.4¢
Change
-0.001(1.82%)
Mkt cap ! $75.13M
Open High Low Value Volume
5.5¢ 5.5¢ 5.3¢ $48.01K 897.3K

Buyers (Bids)

No. Vol. Price($)
6 893395 5.3¢
 

Sellers (Offers)

Price($) Vol. No.
5.5¢ 190909 1
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Last trade - 14.24pm 17/06/2025 (20 minute delay) ?
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