It seems highly likely. Over the past few days, I've observed trading activity involving a single trader executing 30-40k buy orders and structuring relists. That trader has now consolidated those orders into a significant sell order at $3.10, totaling 402,087 shares ($124,646) in a single trade. With four trades at that price point, this individual accounts for 70% of the line's value. I’m not taking that bait.
Frankly, I’m surprised the ASX hasn’t reprimanded BBT for this announcement—it lacks any real substance or market-sensitive data. The February report is intended for financials, and this move gives the impression that Tripp and his team are trying to stir up market activity with "hype" rather than genuine volume. Which is hard because they hold all the volume (shares). If they want this to move and look legit, they need to add liquidity to the market.
As for me, I won’t be buying more unless the price drops back to my target. I’ve accumulated a solid position over time, so the more discounts, the better—it aligns with my long-term strategy for this trade. This is performing far better here than with PLS, that’s for sure! Getting my ass beat up and outplayed this week on that.
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It seems highly likely. Over the past few days, I've observed...
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Last
31.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $317.9M |
Open | High | Low | Value | Volume |
30.0¢ | 31.0¢ | 29.5¢ | $531.4K | 1.724M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 17543 | 28.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.0¢ | 1458657 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 89325 | 0.280 |
1 | 25000 | 0.265 |
1 | 10525 | 0.260 |
2 | 30000 | 0.255 |
3 | 68305 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.310 | 1458657 | 4 |
0.320 | 50000 | 1 |
0.330 | 247619 | 1 |
0.340 | 11428 | 1 |
0.345 | 18507 | 1 |
Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
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Hartley Atkinson
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