All 5 trades so far today have been cross trades. That means it is (most likely) a single seller who brought the price down ~4% from $0.26 to $0.25 on small volume.
Our problem is simply small volume with low buyer demand and one continuous seller. Maybe it's an opportunity rather than a problem, an opportunity to buy in low and achieve a huge dividend yield in ~1-2 years time.
I will wait until the AGM though before deciding whether or not it's a good opportunity.
Can anybody else comment on the cross trades? My understanding is that the trades are On-Market Crossings. I am guessing the broker is buying the shares from the seller, but possibly the buyer and seller are both using the same broker. Is there no way to find out which broker the trade is from?
All 5 trades so far today have been cross trades. That means it...
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