I share the same suspicion. The large sell queue is meant to scare desperate holders to cash out at 0.140/0.135
They probably got those shares at < 0.10. Can sell at a profit either way. Probably trying to increase their holding- in which case, they are confident of a higher SP in the future.
Why would anyone want to block a rise in price?
ASN Chart, page-5802
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Last
9.7¢ |
Change
-0.001(1.02%) |
Mkt cap ! $125.1M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.3¢ | 9.7¢ | $166.8K | 1.692M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 492999 | 9.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.8¢ | 153458 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| ASN (ASX) Chart |