is this a quality small cap, page-8

  1. 397 Posts.
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    Taken from MOTORS on the BDG thread.

    "It's all about opes prime going into receivership. ANZ and merrills lent them the money for their margin loan book. opes prime was extremely active in BDG..
    Merril Lynch sold $500,000 worth of BDG yesterday , and is no doubt selling again today to recover its debt.
    They must be tempted to give that 28 cent bid.
    Great buying opportunity, but don't rush.."



    "They were heavy sellers Friday as well.
    Merril Lynch seems to have sold about 2,400,000 shares in BDG (just over $700K worth).
    My guess is that ML and JBwere would have divided up the selling in the illiquids so they werent competing with each other. So look to nibble at these levels given the importance of 28 cent support.."


    Wonder is this is what is occuring to TAM. Would explain the action.

    Just my opinion!
 
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(20min delay)
Last
6.0¢
Change
0.000(0.00%)
Mkt cap ! $70.50M
Open High Low Value Volume
6.0¢ 6.0¢ 5.8¢ $149.2K 2.490M

Buyers (Bids)

No. Vol. Price($)
1 100000 6.0¢
 

Sellers (Offers)

Price($) Vol. No.
6.1¢ 170000 1
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Last trade - 15.58pm 04/07/2025 (20 minute delay) ?
TAM (ASX) Chart
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