Hi Weazel, the bottom will depend entirely on what's motivating the puppeteers of the SP atm. This is not a free market and most transactions are very small and calculated. I don't pretend to understand their motivation and don't need to publish any more conspiracy theories!!! I'll keep them to myself to prevent future embarrassment!
I have a bit at stake atm in BTH and am watching the depth and course of sales screens from open to close. I know that many of the daily transactions are odd and obviously automated. For example at 2:36:22PM today, a buy order for 50,000 shares at 0.31 went through (I am sure of this bit). At precisely the same time 2:36:22PM, an additional 69,527 shares went through at 0.31 as well. Exactly the same time, same price. And 6 seconds later two tiny trades (totalling 3,560 shares) went through at 0.315. Resetting the bar.
So the puppeteers are working within a range atm. Not to say the shenanigans won't spiral the SP down further in the future.
0.305 today is a twelve month low for BTH.
It all comes down to a couple of things I think:
1. The motivation of the puppeteers.
2. When BTH management put out an ASX announcement ("Business Update"this will lance the boil hopefully.
If this is a tipping comp I put $10 on 0.30 as an all time low.
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $102.7M |
Open | High | Low | Value | Volume |
12.0¢ | 12.5¢ | 11.5¢ | $82.94K | 701.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 466109 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 194280 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 466109 | 0.120 |
7 | 193170 | 0.115 |
18 | 669850 | 0.110 |
6 | 269001 | 0.105 |
23 | 862633 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 194280 | 7 |
0.130 | 182284 | 6 |
0.135 | 175074 | 6 |
0.140 | 118953 | 7 |
0.145 | 417576 | 11 |
Last trade - 15.59pm 04/09/2024 (20 minute delay) ? |
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BTH (ASX) Chart |