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 ~$20k loss after just a few weeks, particularly as drilling program seems on track and generating positive results
I think the constant selling is due to one or both of the following:
1. Residual major CBS shareholder/s exiting pre-RTO positions (3 viable candidates I listed in previous thread)
and/or
2. One or more ST traders having accumulated during recent low (1.6c, 1.7c) which they now intend to flip for easy profit
In either case the 4m order will keep a lid on our shareprice until next good news and associated liquidity event, at least.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 641224 | 5.7¢ |
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Price($) | Vol. | No. |
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6.1¢ | 342019 | 3 |
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No. | Vol. | Price($) |
---|---|---|
3 | 641224 | 0.057 |
5 | 137118 | 0.056 |
3 | 110091 | 0.055 |
3 | 32445 | 0.054 |
1 | 100000 | 0.053 |
Price($) | Vol. | No. |
---|---|---|
0.061 | 342019 | 3 |
0.062 | 171000 | 2 |
0.063 | 117183 | 1 |
0.064 | 70000 | 1 |
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