Hi Croc,
I doubt it is a sign of confidence, if any material news arrives shortly, Ben/Mike and the company will find themselves under an ASIC investigation. They will be able to find out where the money came from to purchase the shares plus investigate any communication. I cannot see Mike putting himself in this situation, This is why I suggested the buying is used to protect the SP from falling.
Anyway, after seeing what I consider SP protection buying (~$250k), I can see a CR shortly. The finances are not what I would consider healthy for a company that has so many outgoings and no revenues.
BTW, The T40 list still shows HSBC holds 2,916,456. the selling pressure might continue if these are BMCG's shares.
Hi Croc,I doubt it is a sign of confidence, if any material news...
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Mkt cap ! $83.90M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.8¢ | 12.5¢ | $8.366K | 66.77K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 470936 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 350136 | 6 |
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| Last trade - 11.17am 22/05/2024 (20 minute delay) ? |
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12.5¢ |
Change
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| Open | High | Low | Volume | ||
| 12.8¢ | 12.8¢ | 12.5¢ | 114199 | ||
| Last updated 12.37pm 22/05/2024 ? | |||||
| WKT (ASX) Chart |