I wouldn’t be surprised to see $2 by Friday. Somebody with pockets as deep as BAML is on the buy side, so all the bot trades and manipulation only work to subsidise someone else’s purchases. The only reason it worked up until now was, as Gymjunky put it “we all have our house on Kingsgate” and so don’t have any significant surplus funds to throw at a bargain share price (price/earnings ratio of less than ONE!) Once the secret gets out (and today’s trading suggests it has), it should force a change in strategy from BAML as suppressing the price to build position only works if you are the only big (unrelated) player.
The game is afoot Watson!
I wouldn’t be surprised to see $2 by Friday. Somebody with...
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Last
$1.36 |
Change
0.000(0.00%) |
Mkt cap ! $349.2M | |||
| Open | High | Low | Value | Volume |
| $1.34 | $1.37 | $1.30 | $905.2K | 670.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 11092 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 2192 | 1 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |