So far, we have seen the supply (selling), being absorbed within this same price channel (10c - 12c), regularly. In other words, someone is mopping up the selling. Why ? We don’t know yet…the difference between protection and accumulation can be deceptive at times. Protection being an entity purposely holding the company share price above a certain zone. In this instance - 10c being the constant protection barrier.
Hi R08
The T40 list is out, There was a little bit of movement by the LTH, some were buying while others were selling, and there was only one major buyer during the month, which was the son of the Chairman (+900k). The major seller was BNP Parbis (largest shareholder - Nominee account), which sold around 2 million shares. It's going to be difficult to sell how many shares this shareholder has remained as it is a nominee account and not held by one shareholder.
As we know WKT reported that they required a minimum injection of US$2mil to satisfy the changes of Gemcorps loan agreement
Would you consider Christopher's buying "Protection or Accumulation"?
July T40 Report
https://wkt.com.au/wp-content/uploads/2024/08/WKT-Top-40-Shareholders-as-at-31.07.2024.pdf
June 2024 T40 Report
https://wkt.com.au/wp-content/uploads/2024/07/WKT-Top-40-Shareholders-as-at-30.06.2024.pdf
Ann: Lindi Jumbo gears up for first graphite concentrate export, page-672
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Last
10.0¢ |
Change
0.002(2.04%) |
Mkt cap ! $67.12M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $10.44K | 101.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 9.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 221354 | 4 |
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| Last trade - 14.37pm 11/10/2024 (20 minute delay) ? |
| WKT (ASX) Chart |