I also don’t like to make conclusions about capping simply for the fact it cannot be proved or disproved...
My favourite idea about the current price performance is to do with the 1.2c capital raise some time back. Likely to be a resistance point for some old holders to sell.
In the last few trading days, Pershing was by far the biggest net seller. CPS Capital (who did the last raise) uses Pershing as their clearer. If it is indeed old CPS brokered SRN holders selling out, than surely there isn’t much left to sell?
Just a theory of course but either way shouldn’t matter much compared with what our drill bit is doing right now over in WA!
Ann: Victory Bore Drill Targets, page-24
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Last
0.7¢ |
Change
0.001(16.7%) |
Mkt cap ! $13.90M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $5.404K | 819.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3978269 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 13479284 | 20 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| SRN (ASX) Chart |