It’s probably a broker with a mandate to try and cap it.
ASIC really should be looking at that, if it has been happening systematically
Not suggesting it would be on behalf of Gina or MinRes, but it would clearly help their book if price was subdued until Act 2 of their corporate manoeuvring in the New Year.
If a broker is accumulating and warehousing, they could just contra off any sales against stock acquired earlier in that day.
Anyone who thinks these types of games aren’t played, has their head in the sand.
At the end of the day, numerous positives are on the horizon for Wildcat in the first 3 months of 2024.
I think the market has probably factored in a ~70 Mt lithium resource (more potential clearly to come with MRE) but market is totally ignoring the game changer potential of Bolt Cutter. Hopefully the clearances are finalised there soon and we can poke some holes into that baby. (It is along strike from Pilbara and is a massive soil anomaly compared to others in the area)
WC8 Price at posting:
72.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)