BCB 1.67% 6.1¢ bowen coking coal limited

What makes you think ‘someone’ is accumulating (ie a single...

  1. 1,581 Posts.
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    What makes you think ‘someone’ is accumulating (ie a single entity)? Is it reflected in the sales history?

    I agree it makes little sense anyone buying at the recent raise would sell now at ~$20k loss after just a few weeks, particularly as drilling program seems on track and generating positive results

    I think the constant selling is due to one or both of the following:

    1. Residual major CBS shareholder/s exiting pre-RTO positions (3 viable candidates I listed in previous thread)

    and/or

    2. One or more ST traders having accumulated during recent low (1.6c, 1.7c) which they now intend to flip for easy profit

    In either case the 4m order will keep a lid on our shareprice until next good news and associated liquidity event, at least.
 
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Last
6.1¢
Change
0.001(1.67%)
Mkt cap ! $173.7M
Open High Low Value Volume
5.9¢ 6.1¢ 5.8¢ $131.3K 2.187M

Buyers (Bids)

No. Vol. Price($)
3 641224 5.7¢
 

Sellers (Offers)

Price($) Vol. No.
6.1¢ 342019 3
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Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
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