A hypothesis…. A Whale wants a large shareholding as low as possible while they can, before lots of news flow. Therefore, they are buying as much as possible under 10 cents from the uniformed retail sellers who are happy to take a smaller profit after the latest Credit Raising.
The big buyer then backs off and hopes to attract more sellers before the next big catch (they hope). Then repeat if they are allowed, before the market wakes up the share price rockets up.
It’s part of the psychology of financial markets.
As the Cygnus market becomes more informed through investents presentations and announcements, the Share Price will substantially rise and the opportunity for the Whsle disappears at the low price.
Based on my extensive research so far as a smaller investor, I continue to accumulate below 10 cents while I can within a balanced portfolio with limited funds. I appreciate this opportunity will not last for long. Watch This Space.
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CY5
cygnus metals limited
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3.33%
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9.3¢

Ann: Notice of General Meeting/Proxy Form/Notice of Access, page-3
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Last
9.3¢ |
Change
0.003(3.33%) |
Mkt cap ! $98.88M |
Open | High | Low | Value | Volume |
9.3¢ | 9.4¢ | 8.9¢ | $77.89K | 847.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 168279 | 9.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.4¢ | 31000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 168279 | 0.092 |
1 | 50000 | 0.091 |
3 | 251000 | 0.090 |
1 | 11505 | 0.089 |
3 | 27738 | 0.088 |
Price($) | Vol. | No. |
---|---|---|
0.094 | 31000 | 1 |
0.100 | 150318 | 2 |
0.105 | 301285 | 5 |
0.110 | 667058 | 7 |
0.115 | 383864 | 3 |
Last trade - 16.10pm 04/08/2025 (20 minute delay) ? |
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