It's basically impossible to get any volume for a large buyer at the moment. If I placed a market buy order today for $500k, two things would happen... the price would immediately rise to 20c, and over the course of the next week or so, it would steadily get more and more expensive. So what would I do? Nibble in little $10k parcels at or around the current price. This has been happening since I can remember. This situation and pattern is all about to change. For those that read the presentation yesterday, the major event that stood out in my mind is the pending Bradda Head IPO in the UK. Zenith Minerals will be in that prospectus as the partner in that company's lithium play. Anybody paying a premium to get into this via the AIM will be able to simply place a buy order for ZNC. This IPO is going to be smashed with interest from anybody who's ever heard of Jim Mellon, thus our exposure is about to expand exponentially. Finally, we'll have some serious players coming into the shares.
Good luck to all holders!
It's basically impossible to get any volume for a large buyer at...
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Last
3.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.82M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 138888 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 210354 | 2 |
View Market Depth
| Last trade - 16.12pm 20/06/2025 (20 minute delay) ? |
| ZNC (ASX) Chart |
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