EXCELLENT work @VatreniHR
Take a look at this too.... This Placement back in December 2022 was done at 40c
Guess who the Current Chairman of "Chifeng" with +9% of MTC after this placement used to be Chairman of ? Zijin Mining !
The US$ Gold price back on 22 /12/2022 was only $1,800 when this placement was done @ 40c
I think it's a safe assumption that considering this project is way more advanced than back in December 2022 & the Gold price is way higher than US$1,800 at the time of this 40c placement, that " Chifeng " won't be accepting anything below 50c MINNIMUM !
Your Assumption the bidder is desperate to keep this from rallying so they accept the offer is also spot on... The shareprice really started to fly higher on Wednesday up to 19.5c and with only 150,000 shares on offer left in the total market selling , they had to stop it from going any higher into orbit and because volume has been so low it only cost them $140,000 to smash it and they didn't simply sit on the offer to sell, they aggressively smashed it down as quickly and as fast as they could..
This is EXACTLY what the Chinese do ! This is EXACTLY what the Chinese takeover of TIE did before they launched a takeover for TIE @ 58c ----> They Aggressively smashed it Down to 28c as quickly and as fast as they could in the day's before. ( see below)
TIE was trading solidly at around 50c, then suddenly it was smashed Down without any explination, it was hard and sharp on no news, exactly like friday.... Then suddenly after the Chinese major shareholder lauches at takeover @ 58c -----> If it was still trading at 52c like normal for the previous few months, then a 58c takeover would be a joke..
However, spike it down to 30c first, then a 58c takeover lauched straight after suddenly looks a whole lot more appealing.
It was done very quickly after the smash down, so expect some MTC news very very soon.
Remember, " Chifeng " would want more than there 40c placement cost back MINNIMUM and not wait for delayed payments !
And considering " Chifeng " Chairman was the Ex- CEO of " Zijin " , i think he wants extra sweat n Sour sauce on his Chicken fried rice and a big Karaoke singsong afterwards with his old work mates !
Or maybe they are still friends......
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EXCELLENT work @VatreniHRTake a look at this too.... This...
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Last
24.5¢ |
Change
0.005(2.08%) |
Mkt cap ! $46.29M |
Open | High | Low | Value | Volume |
25.0¢ | 25.5¢ | 23.5¢ | $213.3K | 871.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 37370 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 31617 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 37370 | 0.245 |
3 | 31600 | 0.240 |
1 | 100000 | 0.235 |
4 | 414229 | 0.230 |
3 | 94444 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 31617 | 2 |
0.255 | 38000 | 1 |
0.260 | 52642 | 2 |
0.270 | 17000 | 1 |
0.275 | 53625 | 2 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
25.0¢ |
  |
Change
0.005 ( 5.66 %) |
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Open | High | Low | Volume | ||
25.0¢ | 25.5¢ | 23.5¢ | 328534 | ||
Last updated 15.51pm 06/05/2024 ? |
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