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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9.1¢ |
Change
0.001(0.56%) |
Mkt cap ! $37.31M |
Open | High | Low | Value | Volume |
9.0¢ | 9.1¢ | 9.0¢ | $28.47K | 314.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 89034 | 9.0¢ |
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Price($) | Vol. | No. |
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9.1¢ | 1408 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 89034 | 0.090 |
1 | 127200 | 0.087 |
3 | 61395 | 0.086 |
2 | 76000 | 0.085 |
1 | 32500 | 0.084 |
Price($) | Vol. | No. |
---|---|---|
0.091 | 1408 | 1 |
0.093 | 65000 | 1 |
0.095 | 40000 | 1 |
0.097 | 50000 | 1 |
0.099 | 1285 | 1 |
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