Looks like there was a big seller waiting in the wings for an opportunity to divest their 2 million shares.
There are very few opportunities to do this with BLG on the open market, so they pounced this morning. Hit the ASX and CXA simultaneously.
The 1 million buyer also finally got nearly all of his order.
Hopefully this transaction will settle things down a bit, but don't forget the end of the FY is coming up so there will be others selling while the price is down to offset their capital gains.
I can't see any positive action until July, unless an announcement is forthcoming.
Cheers all
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 (20min delay)
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Last
0.9¢ |
Change
-0.001(5.26%) |
Mkt cap ! $23.18M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.8¢ | $51.22K | 5.658M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 496000 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 774616 | 4 |
View Market Depth
| Last trade - 15.27pm 29/07/2025 (20 minute delay) ? |
| BLG (ASX) Chart |