Is that 3,000,000 shares bid serious?

  1. 777 Posts.
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    A single bid for 3,000,000 shares has been sitting in the market for over a week now. It's been sitting at the top of the market depth on the buyers side but still hasn't been sold into. I notice that they keep moving the bid to the back of the queue or moving it down a price point when it gets close to the front of the queue.

    Is this bidder serious? If it's one of you lot, what's going on? What's your strategy?

    The bid seems to have a lot of conviction and no conviction at the same time.

 
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(20min delay)
Last
11.0¢
Change
0.000(0.00%)
Mkt cap ! $259.1M
Open High Low Value Volume
11.0¢ 11.5¢ 10.5¢ $348.3K 3.195M

Buyers (Bids)

No. Vol. Price($)
14 7429493 10.5¢
 

Sellers (Offers)

Price($) Vol. No.
11.0¢ 364648 11
View Market Depth
Last trade - 16.10pm 16/06/2025 (20 minute delay) ?
INR (ASX) Chart
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