Friday we closed at 9.5 yesterday on the announcement we opened...

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traderjako

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18/10/22

22:51

Post #: 64266534
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Originally posted by Maeglin: ↑

Yeah maybe when the price didn't go on a decent run into the 11s-12s, someone decided they'd see how many monkeys they could shake free. Was some pretty batshit price action for that last hour. Really weird. Price well off its high, 2 stellar recent announcements, global sentiment improving for now, futures on fire, and yet we get dumped back into the mid 9s... Dumping started at 1:18pm with a single sell wipe of almost 4 million shares at 10 cents, and proceeded in intermittent waves from then on. Made it back to 10 a couple of times, but always pushed back down. Obviously someone with a decent number of shares doing a lot of the dumping, rather than a widespread selloff, which further inclines one to the tree shaking theory. Aside from a leaky ship, another possibility is a big fish who jumped aboard on the back of the recent announcements, thinking we'd be off to the races and they'd sell between 11-14. But when the price struggled to crack 11 or hold at 10.5, they packed their bags and thought they could get better short term returns elsewhere. Maybe. Who knows. Pretty damn short sighted. I don't know if the market quite comprehends the potential implications in the carbonatite announcement yet - especially those two 54 meter lengths of mineralisation. Opportunity. Good luck everyone.

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Friday we closed at 9.5 yesterday on the announcement we opened at 10. The gap needed to be filled.

DRE Price at posting: 9.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.2¢		Change -0.001(4.35%)		Mkt cap ! $77.28M

Open	High	Low	Value	Volume
2.3¢	2.3¢	2.2¢	$46.86K	2.038M

Buyers (Bids)

No.	Vol.	Price($)
9	2178220	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	100000	1

View Market Depth

No.	Vol.	Price($)
9	2178220	0.022
9	2700161	0.021
14	11590993	0.020
8	6143629	0.019
12	6243800	0.018

Price($)	Vol.	No.
0.023	100000	1
0.024	1215495	8
0.025	1174696	6
0.026	1647440	5
0.027	1782467	5

Last trade - 16.10pm 09/07/2024 (20 minute delay)

DRE (ASX) Chart

Friday we closed at 9.5 yesterday on the announcement we opened...

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Patagonia looks to raise $2.15M for South American exploration and development

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Friday we closed at 9.5 yesterday on the announcement we opened...

Top Stories

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

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