When you think about it, yesterday the market cap was $16 million.
Say the top 20 holds 50% so the other 50% was worth about $8 million.Most of these institutions buy $4 to $5 million at a time especially if they know something is solid.Then hotcopper patrons hold say $1 to $2 million worth.
It wouldn't take much for all the Liquidity to tighten right up.I think this is what happened with WA1.
Ann: High grade Niobium results from Equador - Brazil, page-538
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Last
18.0¢ |
Change
0.010(5.88%) |
Mkt cap ! $12.93M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.5¢ | 17.5¢ | $50.12K | 277.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24999 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 100000 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| SUM (ASX) Chart |