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8.5¢ black canyon limited

Given todays announcement buy them cheaply.Thanks for your...

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16/01/24

11:15

Post #: 71899105
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Originally posted by tepidcopper: ↑

I complained to Brendan Cummins late last year about fake trades in BCA shares and he checked. Some of my suspicions seemed to be unfounded; some were justified. The dodgy pattern subsided for a while, but yesterday there were only two trades, the second almost immediately after the first; both cross trades (i. e. executed by a broker representing both buyer and seller) and at prices of $0.11 and $0.105 when the lowest seller's offer was $0.135. These trades lowered the share price by 22%: dropping the EV of the company by more than $2 million.

When I have raised activity like this before with the ASX, they have told me that misconduct in trading is none of their business and referred me to ASIC, ASIC has proved completely useless. I now intend to write to the Minister, but don't expect that's going to get me anywhere either. The only defence seems to be genuine buying at a realistic price, but there is so little trade in BCA shares that the stock is extremely vulnerable to such clearly illegitimate sales.

Ideas anyone?

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Given todays announcement buy them cheaply.
Thanks for your diligence in following up on these low volume trades with outsize effects.

BCA Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 8.5¢		Change 0.000(0.00%)		Mkt cap ! $5.962M

Open	High	Low	Value	Volume
8.5¢	8.5¢	8.5¢	$6.065K	71.35K

Buyers (Bids)

No.	Vol.	Price($)
1	46000	7.5¢

Sellers (Offers)

Price($)	Vol.	No.
9.5¢	51998	1

View Market Depth

No.	Vol.	Price($)
1	46000	0.075
1	7148	0.070
1	16683	0.060
1	11000	0.058
0	0	0.000

Price($)	Vol.	No.
0.095	51998	1
0.105	1488	2
0.110	50232	1
0.125	50000	1
0.175	100000	1

Last trade - 13.45pm 25/06/2024 (20 minute delay)

BCA (ASX) Chart