Ann: Retraction and Clarification Statement, page-15

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naaman

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08/07/23

02:13

Post #: 68682688
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Originally posted by Chuxa: ↑

This is chat platform, I will 'hehe' all I want Mr Grumpy. Not really sure why you feel the need to throw insults, 'tis very strange world we live in.

What you see on the trade sheet is just a breakdown of the order, it was single a single buy bid that just wiped 5 lines so in the viewer it displays as such. The bid price was set at .100 but the available lines of sellers under .100 averaged the order to .094, as per normal auction rules of ASX.

Besides, number of trades at the same SP does not affect the final outcome, when I was posting then the SP was 7c so those positions were posting some healthy losses of 26%. Which no matter how you spin it is a huge loss, a loss that could have been avoided if the trader waited for the market to settle.

On the buy order of 500k of shares bought @0.094 that is $12k in losses in less than few hours of them taking a position, dreadful.

Whilst $12k is not much in the big picture of value investing, if you consider that NKL has a tiny $6M MC, is trading -70% from its ATH, has no positive results from any of the recent exploration activities, and is in a massive long term down trend - talking about the SP being 40c is an.... interesting way to justify accrued losses.

I'm not saying that NKL will never see that SP but just pointing out that statistically its very unlikely (540% up, casual).

hehehe

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500k was bought at $0.088 on open, not $0.094, check the course of sales.
Subsequent parcels less than $0.088 were small and sporadic though out the the rest of the day.
For someone with the intention of acquiring a relatively large sum this was an excellent opportunity.
Without this "retraction" they probably would need to buy up to $0.115.

NKL Price at posting: 7.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.1¢		Change -0.002(8.70%)		Mkt cap ! $1.844M

Open	High	Low	Value	Volume
2.2¢	2.2¢	2.1¢	$7.272K	335.1K

Buyers (Bids)

No.	Vol.	Price($)
1	98075	2.1¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	16286	1

View Market Depth

No.	Vol.	Price($)
1	98075	0.021
3	150000	0.020
1	55550	0.018
2	100500	0.015
1	36000	0.014

Price($)	Vol.	No.
0.022	16286	1
0.024	7142	1
0.025	150000	1
0.027	95710	2
0.028	4052	1

Last trade - 15.49pm 27/06/2024 (20 minute delay)

NKL (ASX) Chart

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Ann: Retraction and Clarification Statement, page-15

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