Terminal symptoms: Relentless selling. SP reducing to just a few cents. Such a long time since any director bought shares.
Sounds like a penny dreadful resources company that is running out of funds and whose next announcement will be a disaster. (I've seen a few resources companies in my time where seriously bad news was almost inexplicable and must have been known to some people long before it was released. And don't expect ASX/ASIC to ever do anything about such circumstantial shenanigans unless somebody presents incontrovertible evidence to them on a plate, which never happens because the only people with incontrovertible evidence are the insiders.)
But SPL is different, isn't it? SPL is not a penny dreadful (not yet anyway) and it is not a resources company and it has enough funds to last a few more years even if it never makes a cent. And somebody must be buying all the shares that are being sold. Maybe they are the smart ones. Maybe they know something. It's probably stop-loss selling and panic selling.
Nevertheless the continuing relentless dumping of shares, at a time when important announcements appear to be overdue, strongly suggests that something is not right.
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Last
9.8¢ |
Change
0.001(1.03%) |
Mkt cap ! $40.90M |
Open | High | Low | Value | Volume |
9.5¢ | 9.8¢ | 9.5¢ | $3.089K | 31.87K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 58131 | 9.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 34876 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 58131 | 0.096 |
3 | 308325 | 0.095 |
4 | 360000 | 0.094 |
2 | 9659 | 0.093 |
2 | 134306 | 0.092 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 34876 | 2 |
0.105 | 209291 | 3 |
0.110 | 168286 | 9 |
0.115 | 85453 | 2 |
0.120 | 79405 | 9 |
Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
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