It's an attempt to get people to panic sell, and scare buyers away, IMO. An entity, probably one holding a large short position, is trying to confuse the market by preventing the SP from reflecting the progress that's been made.
339,310 shares were shorted on Friday, FWIW.
Edit: could be Van Eck dumping, but that would mean they hadn't lent their holdings to shorts, wouldn't it?
ASM Chart Thread, page-8164
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Last
68.5¢ |
Change
-0.010(1.44%) |
Mkt cap ! $124.0M | |||
| Open | High | Low | Value | Volume |
| 69.0¢ | 71.5¢ | 68.5¢ | $167.5K | 240.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 36938 | 68.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 69.0¢ | 3667 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| ASM (ASX) Chart |