Sunrock - we can only guess.
I think it is two factors
- The instos and loyal holders who might be interested in putting money into WKT are tapped out after round 1 and round 2 of the fund raising.
- Other instos are put off buy what appears to be BCMG quietly using the low volumes to control the share price. If an insto buys in they could see their investment firstly push the SP up, and then BCMG slowly push it back down. We got the best deal offered from BCMG, we have their money to build a mine, which was the only goal of taking their money. Flip side appears to be a negative effect on short term SP growth. Taking other deals might have cost LT holders more, just this deal appears to be negative for the short term growth.
None of what I just wrote is fact, it is just what I suspect is happening.
Just keep you mind on the fact that when Lindi is making million(s?) $ a month - the SP won't be 20c each
Sunrock - we can only guess.I think it is two factors- The...
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $73.83M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 11.0¢ | $4.298K | 38.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 203451 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 230858 | 4 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WKT (ASX) Chart |