Taking 13 million shares away from the sell side (through buying them out) would generally drive the SP up rather than down, even with 'manipulation'.
More likely is that there are some sellers not liking the production volume in the quarterly.
I didn't like it, but I bought anyway, since I think it's hard to fail any longer. But I seem to be an outlier.
Equipment numbers are rising, quartz has been blasted and is being mined, and I think grade will finally break above 0.39g/t soon. Also cashflow was quite good considering the weak production.
Taking 13 million shares away from the sell side (through buying...
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Last
$1.50 |
Change
-0.010(0.66%) |
Mkt cap ! $386.6M | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.54 | $1.46 | $743.5K | 495.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1800 | $1.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 5370 | 1 |
View Market Depth
| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| KCN (ASX) Chart |