It doesnt work like that. The cheaper it gets the more buyers jump in.
Things can change in a heart beat. There are tons of people waiting to snap up the cheap shares as soon as they see there is no genuine selling any more. Then FOMO kicks in and all of a sudden buyers pop up everywhere.
News updates can drop any time (more bauxite off-takes, more off-take deal details updates, REE project off-takes, 1000m drillcore assay result, financing deals, more updates about REE Stage#1 processing plant,...).
And potentially with Top#20 holding around 68% of the shares, this stock is very much an easy subject of a take-over from within Top#20 IMO. It is too compelling to be ignored by investors big and small or predators.
August Trades, page-241
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Last
9.9¢ |
Change
-0.006(5.71%) |
Mkt cap ! $114.1M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 9.7¢ | $225.6K | 2.260M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 51500 | 9.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.9¢ | 53634 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| LIN (ASX) Chart |