SNX 18.2% 5.4¢ sierra nevada gold inc.

3000000 shares traded today pushing it up to 13c (50%+). I guess...

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  1. 363 Posts.
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    3000000 shares traded today pushing it up to 13c (50%+). I guess that is only 30k.
    Why bother though, cap raising price surely would have already been set before today and it opened today at 8c.
    It wasn't until lunch time it ran up over 10 cents?

    Strange goings on all day last Friday with the 1 million bid "at the money".
    Then it was there starting at 8.2c today

    Interesting bit for me, (anyone seen this before?)
    1. I was moving bids up and down between 8.9 and 9.2c to be the front runner however, every time I did it a bid 30k appeared in front of me straight away
    2. I decided screw this I will take the 10k at 9,5c but Comsec kept putting both of my account for the bid into "processing" status.
    Basically, this left me not being able to buy unless someone sold into me.

    I would love to know the reasons for both the above.
    Is it allowed?
    Was it ASX or Comsec.?
    Why?

    After the announcement 118k bid at 18c, surely go but very interesting watching it play out.




 
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