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4.55%

10.5¢ core lithium ltd

Fair enough--I understand that.Thanks.

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Shakesy

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03/01/24

10:30

Post #: 71704892
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Originally posted by WhatsTheTip: ↑

No its not a coincidence at all, its exactly what I'd expect to happen. Thank you for clarifying the instance of 1 share trades.

When the partial share platform executes a buy trade, they will buy the rounded up variant of the shares required. Very quickly the partial share platform will have an extra share beyond what is needed. For example, they hold 1,000,000 shares as customers have 999,999.3 shares. Someone buys 150.3 shares so they acquire 151 shares. After this trade, they have 1,000,151 shares owned against a customer holding of 1,000,149.6 shares. They only need 1,000,150 shares to support their customers purchases so they sell the extra share. Its a computer that realises they are holding 1 extra. The computer can do the calculation almost instantly and puts though an automated 1 share sell.

If they have an agreement with the executing broker that the trade is done at the mid-point, its going to be 0.0025c lower because that will be the mid point between the buy and sell quotes.

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Fair enough--I understand that.
Thanks.

CXO Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 10.5¢		Change -0.005(4.55%)		Mkt cap ! $225.0M

Open	High	Low	Value	Volume
11.0¢	11.3¢	10.5¢	$536.3K	4.933M

Buyers (Bids)

No.	Vol.	Price($)
96	4283334	10.5¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	1066000	5

View Market Depth

No.	Vol.	Price($)
87	3900146	0.105
155	9978139	0.100
11	471655	0.099
9	275882	0.098
4	141618	0.097

Price($)	Vol.	No.
0.110	766000	4
0.115	2748372	26
0.120	2964997	41
0.125	3159705	45
0.130	5135650	43

Last trade - 16.10pm 18/10/2024 (20 minute delay)

CXO (ASX) Chart