A few summary points below
- they are as shocked as we are (no surprise there)
- they ran the PFS by a number of brokers/advisors over the weekend prior and had positive responses (nothing like what we are seeing)
- the dumping is largely retail, with one or two parcels of 4-600k from instos that have been in since pre 2006
- they have contacted all the top 20 holders/instos, who arent selling
- They believe the majority of the issue is retail investors not understanding the difference between spot and long term prices resulting in cascading stoplosses/panic.
- A number of the top 20/instos are buying - they have advised they are mostly just soaking up volume without trying to affect the market (obvious - big fish snapping up small fish)
- There has been buying out of canada today on market
- There is a company trading policy which prohibits trading until 48 hours after a price sensitive announcement. Read into this what you will.
just spoke with the company - i'm happy.
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Last
$3.04 |
Change
0.240(8.57%) |
Mkt cap ! $534.3M | |||
| Open | High | Low | Value | Volume |
| $2.83 | $3.04 | $2.79 | $1.936M | 659.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 148 | $3.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.04 | 2905 | 1 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| BMN (ASX) Chart |