I've been noticing these "walls" pop-up regularly in recent...

  1. 1,845 Posts.
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    I've been noticing these "walls" pop-up regularly in recent days. Large sell orders that are strangely uniform and repetitive. As shown in the screenshot.

    At a guess, I would suggest that the BIG buyers that we have been seeing in recent days are trying to keep the share price down while they accumulate.

    Strategy seems to be to put up a large wall of their own shares for sale at a low price until they shake some shares free from loose hands, then wait for a couple of million shares to become available at a low price, then buy up a big bundle. Then rinse and repeat.

    Considering that the top 20 shareholders hold 87% of the available shares, leaving only 13% of shares available on the market for trading, it's not surprising that these tactics are being employed to buy up large volumes of shares.

    The exciting thing is that these big buyers will end up tying up more shares, and once they are finished suppressing the share price in order to accumulate, KP2 should sky rocket.

    One thing is for sure, I won't be donating my shares at these low prices. Actually, I'm more likely to keep accumulating alongside them.

    GLTAH
    https://hotcopper.com.au/data/attachments/4199/4199801-6934173ebc97f3c37068bef4e40a30a7.jpg
 
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(20min delay)
Last
4.5¢
Change
-0.001(2.17%)
Mkt cap ! $29.41M
Open High Low Value Volume
4.6¢ 4.6¢ 4.2¢ $37.96K 841.9K

Buyers (Bids)

No. Vol. Price($)
2 179798 4.5¢
 

Sellers (Offers)

Price($) Vol. No.
4.8¢ 50000 1
View Market Depth
Last trade - 15.56pm 20/06/2025 (20 minute delay) ?
KP2 (ASX) Chart
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