Arguably silly cheap atm. The selling pattern into lower prices continuously, suggests to me that this is the play of a large institutional investor, not normal trading based on sentiment or long term potential. If BOT is looking to sell to large pharma, or if they are in talks, a good strategy for the large pharma to pick it up at a bargain price is to have 3rd party entities trade into lower areas in an attempt to negotiate a better price - pretty standard practice if the company has a low market cap and easy to manipulate based on total tradeable shares. Alternatively they may employ this tactic prior to making an offer. Either way, sell side is stacked atm which suggests profit takers, loose hands and possibly a 3rd player - BOT need to be following up with solid roadmaps and make sure they hit key timelines to silence the naysayers thus reinforcing market confidence and the ability to deliver. Not to service short term SP fluctuations, but as a matter of good governance - all IM(extremely)HO and pretty much what others have been saying
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Arguably silly cheap atm. The selling pattern into lower prices...
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Last
37.0¢ |
Change
-0.010(2.63%) |
Mkt cap ! $669.7M |
Open | High | Low | Value | Volume |
37.0¢ | 37.5¢ | 36.0¢ | $3.051M | 8.277M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 465836 | 37.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.5¢ | 301865 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 465836 | 0.370 |
4 | 268397 | 0.365 |
16 | 427742 | 0.360 |
6 | 272923 | 0.355 |
15 | 139007 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.375 | 301865 | 3 |
0.380 | 349392 | 5 |
0.385 | 280300 | 3 |
0.390 | 451134 | 6 |
0.395 | 324001 | 4 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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BOT (ASX) Chart |