Nice observation Any.
The machinations of the accumulating funds V's the traders are quite complex here. They are more akin to a blue chip than a spec with a market cap of 126M. But then that illustrates to me just what we are dealing with.
There's BIG interest from the higher risk small funds THAT ARE RUN by the bigger funds as evidenced by Acca's excellent posts.
IF the case, then we WILL get a tiered effect with the buying/accumulation and a commensurate re-rate each time Icewine is de-risked, building to the farm-in which carries implications for the plays potential success.
I think we have observed, this is very shrewd playing of the market by all associated with this play to date.
d.
ASX/LSE parity, page-3
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $57.78M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $4.622K | 1.958M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 277 | 309173830 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 625028788 | 229 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| 88E (ASX) Chart |