If the sale of 200k shares at 75c was genuine, then yesterday’s sense of elation will deteriorate into dismay and regret next week.
If the sale was not genuine, then there are a few possibilities.
A rookie short seller thought it was a good idea to play with the fire blazing in the processing plant furnace. Hmm, unlikely. No rookie could be that stupid.
A rookie trader thinking that he has the plan down pat. Sell to self to generate momentum. When sp > 80c, then actually sell.
Ok, possible. But it’s more effort and risk than is worth the trading profit.
An experienced player wanting an ego wank. It was all about gratifying his need to see that he could force the BOD’s hand.
A competing player noticed something was not right. And reported to the ASX.
Other scenarios are also possible.
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Last
69.5¢ |
Change
0.040(6.11%) |
Mkt cap ! $138.6M |
Open | High | Low | Value | Volume |
65.0¢ | 69.5¢ | 56.0¢ | $363.8K | 598.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 34342 | 63.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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69.5¢ | 1399 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 34342 | 0.630 |
1 | 50000 | 0.600 |
1 | 15603 | 0.590 |
1 | 8650 | 0.565 |
1 | 15006 | 0.555 |
Price($) | Vol. | No. |
---|---|---|
0.695 | 1399 | 1 |
0.700 | 30000 | 1 |
0.750 | 50008 | 1 |
0.800 | 45000 | 2 |
0.830 | 1324 | 1 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
67.5¢ |
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Change
0.040 ( 0.75 %) |
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Open | High | Low | Volume | ||
62.0¢ | 67.5¢ | 56.0¢ | 183666 | ||
Last updated 15.47pm 03/05/2024 ? |
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